US stocks see worst fall since 1987
AFPGlobal 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.
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.
David Madden, a market analyst at CMC Markets, said that while central bankers were trying to calm the markets, “in reality it is having the opposite effect”.
“The radical…
