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European stock index futures fall as virus fears build

Published 03/16/2020, 03:06 PM
Updated 03/16/2020, 03:08 PM
© Reuters.  European stock index futures fall as virus fears build
DE30
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ES35
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F40
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EU50
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
March 16 (Reuters) - European stock index futures fell more
than 4% on Monday as dramatic monetary easing by global central
banks failed to reassure investors that the economic damage from
the coronavirus pandemic could be curtailed.
The Fed on Sunday slashed interest rates to near zero and
pledged hundreds of billions of dollars in asset purchases,
saying the epidemic was having a "profound" impact on the
economy. Central banks in Australia and New Zealand followed with
their own measures, but could not stem a slide in global stocks.
S&P 500 futures ESCv1 tumbled 4.77% to their daily down limit.
MKTS/GLOB
Euro Stoxx 50 futures STXEc1 were off 4.2% at 0700 GMT,
while German DAX futures FDXc1 shed 4.5%.
French FCEc1 and Spanish MFXIc1 slumped 4.7% and 3.7%,
respectively, as the two countries joined Italy in enforcing a
national lockdown.

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