Australian shares rise as coronavirus curbs ease in Victoria; New Zealand flat

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Australian shares gained on Monday after Victoria state eased its months-long coronavirus lockdown and as U.S. officials said a new stimulus package could be passed before presidential elections.

FILE PHOTO: Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia, February 9, 2018. REUTERS/David Grayrose 0.8% or 46.7 points to 6,223.20 by 2336 GMT, led by miners and financials. The benchmark fell 0.5% on Friday.

Victoria, Australia’s second-most populous state which was at the epicentre of the country’s coronavirus outbreak, will see more freedom of movement as of Monday, with the state government eyeing a reopening of restaurants and retail stores by Nov. 1. Global sentiment improved after U.S. House Speaker Nancy Pelosi said she was optimistic that a legislation on coronavirus relief package could be pushed through before the Nov. 3 presidential election.

 

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