Global stocks tumble as Covid-19 points to prolonged slowdown
Central banks are expected to follow the US Fed’s lead with rate cuts, with some analysts even expecting the Fed to cut rates again, and soon
London — Global stock markets tumbled on Friday as disruptions to business from the spreading coronavirus epidemic worsened, stoking fears of a prolonged economic slowdown.
European shares opened sharply lower, with travel stocks bearing the brunt. The pan-European Stoxx 600 index was down 2.4% by 8.56am GMT...