Global stocks climb as countries ease Covid-19 lockdown measures – business live

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Rolling coverage of the latest economic and financial news, as coronavirus lockdown easing measures push equity markets higher

9.10am BST

Newsflash: Singapore has unveiled its fourth economic stimulus package in response to the Covid-19 crisis this morning.

The package is worth 33bn Singapore dollars (about £19bn), bringing the total stimulus to 100bn Singapore dollars which represents around 20% of the island nation’s GDP.

8.53am BST

Consumer stocks have also been boosted by Prime Minister Boris Johnson’s announcement yesterday that non-essential retailers will start re-opening over the coming weeks.

As my colleague Rowena Mason reports, outdoor markets and car showrooms will be allowed to reopen in England from Monday next week, while other non-essential retail premises will be allowed to open in three weeks’ time.

Related: Outdoor markets and car showrooms can open next week in England

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Sahred From Source link World News