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SpanishCoronavirus: Stocks plunge despite global central bank action
Global stock markets have sunk despite central banks around the world announcing a co-ordinated effort to ease the effects of the coronavirus.
London’s FTSE 100 index has fallen more than 6%, and other major European markets have seen similar falls.
Read also Coronavirus: FTSE 100, Dow, S&P 500 in worst day since 1987
On Sunday, the US Federal Reserve cut interest rates to almost zero and launched a $700bn stimulus programme.
Read also COVID19 checklist for pension schemes
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.
Read more @BBC
