⁍ Global equity markets slumped and investors moved into safer gold and the Japanese yen on Friday.

---

⁍ U.S. President Donald Trump and his wife tested positive for the coronavirus, adding to market uncertainty just 32 days before U.S. elections.

---

⁍ The knee-jerk reactions subsided as markets assessed what Trump’s diagnosis meant for the election and economy.

---

– President Trump says he’s recovering from a respiratory illness—but it’s not clear how serious it is or whether he’ll be able to campaign in the coming days. Trump said Thursday that he’s recovering from a respiratory illness called Coronavirus, but it’s not clear how serious it is or whether he’ll be able to work from the Oval Office over the next few weeks. “It’s a respiratory illness, and it’s not a life-threatening illness,” he told reporters at the White House, per the AP. “I’m feeling very good. I’m looking forward to getting back to the White House and doing whatever I can to help the American people.” He said his wife, Melania, is also recovering from the illness, though it’s not clear whether she will be able to travel over the next few days. “This injects further uncertainty into the outcome of the election. My read is that markets have demonstrated an aversion of late especially to uncertainty, not so much to one or the other candidate winning. What we are seeing in stocks early this morning, and in Treasuries as well, is consistent with that. Hopefully the situation will be clarified soon and the uncertainty will dissipate,” a market analyst at OANDA tells Reuters. “The more information the market receives, especially if the president is recovering and where the symptoms have been mild, it should ease pressure on the market,” a market strategist at Prudential Financial tells the Wall Street Journal.