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WHO says swine flu outbreak has ‘pandemic potential’

Global health: International flu experts are trying to decide next steps at an emergency meeting on the swine flu outbreak called by Margaret Chan, director-general of the World Health Organization. Chan’s decision to call the gathering marks the first time she has used a procedure created two years ago for such crises. At least 62 people in Mexico may have died from this new flu strain, which combines bird, pig and human viruses. The number of those sickened in the United States has risen to eight.

The U.S. Centers for Disease Control and Prevention says tests show some of the Mexico victims died from the same new strain of swine flu that sickened eight people in Texas and California. It’s a frightening new strain that combines genetic material from pigs, birds and humans.

Seems the money is holding…..”Now that’s odd? don’t ya think”

MEXICO CITY, April 24 (Reuters) – Mexican stocks surged on Friday, boosted by reassuring earnings reports and data in the United States despite news a deadly flu strain never seen before has broken out in Mexico.

The peso MEX01 weakened 0.63 percent to 13.284 per dollar at the central bank’s final reference, hit by a wave of profit taking after rising more than 1 percent in early trade, while the IPC stock index .MXX rose 3.45 percent to 22,582.17.

Gains in stocks came even as the World Health Organization warned of a deadly flu virus that has killed as many as 60 people in Mexico, raising fears the infection is spreading across North America. [nN24524032]

Traders said news of the outbreak was not hurting the peso but one market analyst did not rule out that some investors made bets against the peso on the flu news, on worries a severe outbreak could have an economic impact.


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