1. The Reserve Bank of Australia predicts the coronavirus has already cut Australia's economic growth for 2020 by 0.5 of a percentage point. This excludes the 0.2 of a percentage point that threatened economic growth due to the bushfires.

2. The Bank of Canada also followed in the footsteps of the Reserve Bank of Australia, by cutting their overnight rate target by 50 basis points to 1.25 per cent. They said the cuts are a response to the global market rather than fears to the Canadian market.

2. A 95-year-old nursing home resident has become the second person to die from coronavirus in Australia, with six more cases confirmed in NSW, including a doctor at Liverpool Hospital. This brings the total number of cases in Australia to 52.

3. South Korea, Italy and Iran now account for 80 per cent of coronavirus cases outside of China. While Italy prepares to close public areas including schools, universities, cinemas, theatres and more. The World Health Organization said 3.4% of people infected by COVID-19, globally, have died which is more deaths than the common flu.

5. Wall Street is on the rise again, with Dow Jones growing 4.53% to 27,090.86, S&P 500 up 4.22% to 3,130.12 and Nasdaq up 3.85% to 9,018.09.