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Analysts from S&P, for example, estimated Tuesday that the virus could lower China's GDP growth to 5 percent, while others predicted only short-term minimum impact.
Analysts were surprised that five rigs were added in the Permian Basin despite the big price differential between Midland and WTI due to pipeline bottlenecks. They considered the pipeline bottlenecks as a big threat against production growth of the Permian Basin.
Analysts expect S&P 500 fourth-quarter earnings growth of 14.1 percent, down from 20.1 percent on Oct 1, according to Refinitiv data.
Analysts said the push by Chinese companies to expand abroad is also due in part to increasingly fierce domestic competition.
Analysts at Guosheng Securities said in a research note that foreign capital, insurance funds and wealth management money will continue to flow into the A-share market this year and they will be the most important supporting factor for any possible rise of the Chinese stock market this year.
