Czech lawmakers on Tuesday approved keeping the state of emergency in the country in place until April 30, a shorter extension than the government had sought to crack down on the coronavirus outbreak there.
The British pound recovered and U.K. stocks rose Tuesday, as concern over the hospitalization of British Prime Minister Boris Johnson was offset by broader optimism the coronavirus crisis was slowing. The FTSE 100 surged 1.9%, and the British pound reclaimed the $1.23 level it lost when Johnson was sent to intensive care. Stocks globally rallied for a second day on signs the growth rate in new virus cases is slowing.
The forint jumped to a
one-week peak to lead central Europe higher on Tuesday as
investor hopes that the corovavirus spread could start to level
out boosted riskier assets and Hungary's central ...
Turkey's central bank purchased around a nominal 5 billion lira of government debt from the country's Unemployment Insurance Fund via primary dealers on Tuesday, two bankers told Reuters. Last week the bank bought about 9.3 billion lira in government bonds in the secondary market, including 5 billion from the unemployment fund.
Switzerland's president said on Tuesday that the government was working on different scenarios for easing confinement measures in the country "when the time comes" but that the situation was "still very far from normal".
The forint led a jump
in central Europe's currencies on Tuesday as investor hopes that
the corovavirus spread could start to level out boosted riskier
assets while Hungary's markets awaited ...
Switzerland's largest ever aid package launched to counter the economic impact of the new coronavirus epidemic should help the country avoid a massive wave of joblessness, the head of the government's labour department said on Tuesday.
The rally in European stocks continued for a second day on data showing signs of slowing growth in the spread of the coronavirus, with the U.K. FTSE 100 jumping 3% and the German DAX rallying 3.9% at the open on Tuesday. The British pound recovered to $1.2309, which is where the U.K. currency was when news broke that Prime Minister Boris Johnson was admitted into intensive care.
The number of coronavirus cases in Russia rose by more than 1,000 for the first time to reach 7,497 in the past 24 hours, the country's crisis response centre said on Tuesday. The number of reported cases rose by 1,154 while deaths rose by 11 to 58, the centre said.
Switzerland's jobless figures will rise in the coming months as the strict measures to contain the coronavirus pandemic could force even successful companies to shut down, a government official said on Tuesday. "I believe unemployment will clearly increase," said Boris Zuercher, the head of the labour department at the State Secretariat for Economic Affairs.
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