By Gina Lee
Investing.com – The U.S. Congress will vote on a $450 billion package for small businesses and hospitals on Tuesday.
Hong Kong extended its social restrictions for another two weeks until May 7.
Australians digested a 6% decrease in job numbers, which could cost up to 780,000 jobs.
Meanwhile, New Zealand looks to ease some of its lockdown measures by next week.
North America
The U.S. Congress will vote on a new $450 billion package for small businesses and hospitals impacted by COVID-19 later in the day.
Asia Pacific
Hong Kong will extend social restrictions to contain the virus for another 14 days from April 23. The measures will now end on May 7 despite Hong Kong reporting no new cases on Monday since March.
Meanwhile, New Zealand could ease some of its lockdown measures by next week.
Meanwhile, the Reserve Bank of Australia said in its minutes for its April meeting that its board “remained committed to supporting jobs, incomes and businesses” as the country responds to the coronavirus outbreak.
It also added that “the Australian banks were in a strong position to withstand the large economic shock” from COVID-19 and the resultant financial market volatility.