European markets tumble as coronavirus outbreak continues

The pan-European Stoxx 600 fell 4.5% in early trade as all sectors and major bourses slid deep into negative territory.

Mar 23, 2020 08:03 IST India Infoline News Service

European markets tumbled on Monday as the coronavirus outbreak continues, with FTSE slipped over 4.5%. CAC and DAX indices fell over 4% each. The pan-European Stoxx 600 fell 4.5% in early trade as all sectors and major bourses slid deep into negative territory.

According to the media reports, the governments around the world have launched massive aid packages to help businesses and workers to get through the crisis but the US is yet to agree on an economic stimulus plan.

Further, US stock futures dropped as Wall Street awaited action from Washington.

Related Story