Business daily

Global stocks tumble on coronavirus fears despite central banks' measures

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24
By: Yuka ROYER
5 min

Global stocks plunged again on Monday, despite the US Federal Reserve cutting interest rates to near-zero and launching a coordinated effort with other central banks to pump more liquidity into the global economy to curb the impact of the coronavirus pandemic. Eurozone finance ministers are also discussing possible joint measures via a video conference. These will likely include relaxing the bloc's budget rules to allow governments to increase spending to help businesses.