20 April 2024
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5 things you need to know today

Switzer Daily
3 March 2020

1. A Sydney doctor is among the first locally contracted cases of coronavirus in Australia, as the first human-to-human spread of COVID-19 occurred in Sydney.

2. The Reserve Bank will announce its policy statement this afternoon, with investors anticipating interest rate cuts and business groups demanding the government use the economic downturn, being caused by the coronavirus outbreak, to unveil a "significant '' investment incentive in the May budget.

3. The number of new cases outside China was almost 9 times higher than that inside the country over the last 24 hours, WHO says. Meanwhile, cases in China are on a decline.

4. Stocks rose sharply on Monday, as Wall Street attempted to pare losses incurred during the worst week since the financial crisis amid fears of the coronavirus outbreak.

5. Wall Street saw a huge increase on Monday, following fears of a market crash last week. The Dow Jones Industrial Average was up 5.09%, on Monday, to 26,703.32. S&P 500 rose 4.60% to 3,090.23 and Nasdaq was up 4.49% to 8,952.16.

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