Coronavirus counter-measures...Pressure on stocks ease slightly as central banks take more action. The U.S. Federal Reserve extended its swap lines to another nine central banks in a bid to mitigate the effects of the Coronavirus outbreak. President Trump also says that the government could take stakes in troubled corporates – something not seen since the automotive industry was bailed out. Italy is now the centre of the pandemic with deaths surpassing those of China for the first time. The BoE has cut rates to a historic low of 0.1 per cent to boost sterling up from 35-year lows. Prime Minister Johnson, however, has not ruled out further rescue measures to shore up British business.

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