Spain's health minister says raises level of coronavirus transmission risk
|Spain's health minister has raised the level of coronavirus transmission risk. Salvador Illa confirmed on Monday that the region of Madrid would suspend all school and university activity for two weeks from Wednesday as the authorities raised the level of coronavirus transmission risk.
Key notes
- Says has suspended all school and university activity in Madrid region.
- Says measures will be introduced from Tuesday.
- Says measures will be introduced.
Corrected (official)-Spain's health minister says measures will be introduced from Wednesday (not Tuesday).
FX implications
The focus is on Italy, although the spread beyond and throughout the eurozone is what the European Central Bank will be addressing at this week's policy meeting and for which markets are mostly concerned for. The euro could suffer a correction on the outcome of the meeting and experience a sell-off on prospects of a recession in the eurozone.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.