The U.S. Federal Reserve slashed interest rates to near zero in its second emergency move in two weeks and pledged hundreds of billions of dollars in asset purchases, saying the epidemic was having a "profound" impact on the economy.
EUROPEAN shares plummeted to 2012 lows on Monday as the coronavirus pandemic raged through Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage.
The pan-European STOXX 600 fell 8.7%, with markets in France and Spain leading losses as the two countries joined Italy in enforcing a national lockdown.
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