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March 16 (Reuters) - European shares plunged on Monday as
the coronavirus pandemic raged through much of Europe, with
dramatic monetary easing by global central banks failing to
reassure investors about its growing economic damage.
The pan-European STOXX 600 .STOXX fell 4.5% to its lowest
since 2013, with bourses in France .FCHI and Spain .IBEX
leading losses as the two countries joined Italy in enforcing a
national lockdown.
The U.S. Federal Reserve slashed interest rates to near zero
in another emergency move on Sunday and pledged hundreds of
billions of dollars in asset purchases, saying the epidemic was
having a "profound" impact on the economy. Central banks in Japan, 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 shortly after resuming trading on Sunday night.
MKTS/GLOB
Energy stocks .SXEP tracked a dive in oil prices, while
airlines EasyJet EZJ.L , British-Airways owner IAG ICAG.L and
Air France - KLM AIRF.PA were among the biggest decliners on
the STOXX 600.
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European shares tumble as pandemic fears grip Europe
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