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Stock impact report

FOREX-Pound down after coronavirus-stricken Johnson taken to hospital for tests [Reuters]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Reuters
Pound down after coronavirus-stricken Johnson taken to hospital for tests TOKYO (Reuters) - The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing persistent symptoms of the coronavirus. The yen eased against the dollar after Japanese domestic media reported Prime Minister Shinzo Abe may declare a state of emergency as early as Tuesday to curb an alarming acceleration in coronavirus infections. The dollar was on the back foot against the euro after data last week showed companies in the United States shed jobs at break-neck speed as the COVID-19 pandemic leads the global economy to a deep recession. “When a head of state or government is stricken like this, it will cause concern for holders of sterling and sterling assets,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo. “Coronavirus cases in Japan may not peak for another month, so the markets will think that now Show less Read more
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