Australia's COVID-19 infection rates have gone down, prompting reports that the ASX will open on a high. Meanwhile, cases in the US are rapidly growing and their high tariffs mean they cannot import medical products from China as many countries are doing.

Bernie Sanders has dropped out, JobKeeper scheme passes in parliament, a cargo plan from Wuhan lands in Sydney and MORE.

Pope Francis and President Trump both shared eyebrow-raising tweets yesterday, APRA says banks should cut dividends and MORE.

Wuhan will officially end its COVID-19 quarantine measures as of Tuesday midnight, CSL and Takeda join forces to develop coronavirus treatment and MORE.

Catch up on the latest market and economic news from Australia and around the world.

A tiger at a New York Zoo has contracted coronavirus, Google and Vodafone share customer locations with government, oil prices drop and MORE.

In the current environment interest is focussed on the timeliest data so we can assess the impact of the COVID19 containment measures on the economy.

Rise in NSW COVID-19 cases slows, 10 million Americans have filed for unemployment benefits, WA closes its borders, oil prices are back up and MORE.

Westpac appoints a new CEO, more retail stores in Australia close stores indefinitely, ASX stocks anticipated to open lower and MORE.

Coronavirus cases in NSW jump, S&P predicts growth rate toward 0, and Amazon and Microsoft close the quarter on a high as the first quarter of 2020 comes to a close.

State governments are enforcing stricter isolation measures, oil prices dropped, Wesfarmers is selling Coles Group and MORE.

Coronavirus transmission rates in Australia drop, but isolation measures strengthen over the weekend. Wall Street and oil prices drop and MORE.