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European Shares Rally Amid Signs Of Slowing Virus Spread

(RTTNews) - European stocks rallied for the second day running on Tuesday as the spread of the coronavirus appeared to slow down somewhat and investors looked for more central bank and government stimulus to counter the economic fallout from the pandemic.

The daily number of new Covid-19 cases fell for a fourth day in a row in Spain on Monday, prompting the government to contemplate a gradual easing of a nationwide lockdown.

After declaring a month-long state of emergency for Tokyo and six other prefectures, the Japanese government is expected to approve a coronavirus stimulus package totaling 108 trillion yen, or equal to 20 percent of Japan's GDP.

Singapore announced an additional S$5.1 billion (US$3.6 billion) stimulus to save jobs and protect the livelihoods of people amid the spread of coronavirus.

This is the third stimulus package, which was unveiled by Deputy Prime Minister Heng Swee Keat, and covers wage subsidies and cash payout.
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