Coronavirus: US stocks see worst fall since 1987
Global stock markets have sunk again despite central banks around the world announcing a co-ordinated effort to ease the effects of the coronavirus.
The Dow Jones index closed 12.9% down after President Donald Trump said the economy “may be” heading for recession.
London’s FTSE 100 ended 4% lower, and other major European markets saw similar slides.
On Sunday, the US Federal Reserve cut interest rates to almost zero and launched a $700bn stimulus programme.
It was part of co-ordinated action announced alongside the eurozone, the UK, Japan, Canada, and Switzerland.
However, investors are worried that central banks now have few options left to combat the impact of the pandemic.
The new governor of the Bank of England, Andrew Bailey, has pledged…
