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Australia Australia shares set to rise as Victoria eases restrictions, New Zealand down

01:40  28 september  2020
01:40  28 september  2020 Source:   reuters.com

'Circuit break': PM considering national restrictions on social lives to curb infections

  'Circuit break': PM considering national restrictions on social lives to curb infections Boris Johnson is considering the introduction of new national restrictions - possibly as soon as next week - as the prime minister races to try and get a handle on the spread of coronavirus. With COVID-19 cases now doubling every seven to eight days, the government is looking at introducing nationwide restrictions for a short period to try to "short-circuit" the virus and slow the spread of the disease. Government figures stressed the plans being drawn up stopped short of a full national lockdown, as seen in the spring, when the country was told to "stay at home".

Victoria would now base its decisions about public health restrictions on case numbers, rather than aspirational dates Victorian premier Daniel Andrews outlines plans to ease restrictions . The two-week rolling case average for new coronavirus cases in Melbourne has fallen to 22.1, well below the

As NSW eased restrictions on Monday to allow up to 50 people in restaurants and cafes, the state recorded three Shane Patton, the Victorian deputy police commissioner, has been announced as the state’s new chief commissioner of police. By setting the new payment levels, the commonwealth

a person standing in front of a store: Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney © Reuters/DAVID GRAY Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney

(Reuters) - Australian shares are set to open higher on Monday with investors likely to cheer easing COVID-19 restrictions in the state of Victoria in the wake of slowing infections.

Victoria, the country's second most populous state, will accelerate the easing of social distancing restrictions as infections slowed to fewer than 20 a day.

Fewer virus cases keep Melbourne on track

  Fewer virus cases keep Melbourne on track Victoria's daily infection rate is on track towards the planned easing of coronavirus restrictions come September 28, with more anti-lockdown protests expected.The state recorded 21 new cases in the 24 hours to Saturday morning, its lowest figure since June 24.

Australia 's conservative government clashed with state lawmakers on Thursday over how fast to relax social distancing restrictions , as the number of new The federal government is now struggling to persuade states to relax restrictions in order to get the economy moving, especially after Victoria

Victoria 's restaurants and bars will remain confined to takeaway services for the rest of May. (ABC News: Ron Ekkel). Mr Andrews said restaurants and cafes would continue to be restricted to takeaway business only, before all restrictions would be reviewed at the end of the month.

The local share price index futures rose 0.4%, a 21-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark rose 1.5% on Friday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> fell 1.1% to 11,670.27 points by 0931 GMT.

(Reporting by Arundhati Dutta in Bengaluru; Editing by Daniel Wallis)


Video: Aus. share market headed for big fall this morning (ABC NEWS)

Commons Speaker quashes Tory rebels' bid - but warns government over COVID rules .
An effort by Conservative rebels to force the government to give MPs a greater say over COVID-19 restrictions has been quashed by the Speaker of the House of Commons. © Getty House of Commons Speaker Sir Lindsay Hoyle accused the government of showing 'contempt' for parliament Sir Lindsay Hoyle told MPs he would not allow any attempts to alter emergency coronavirus legislation, introduced at the start of the pandemic in March, when the Commons is asked to renew its approval for it later on Wednesday.

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