Global stock markets plunge as governments take drastic action to contain spread of coronavirus ...United Arab Emirates

World equities continued to fall on Monday, even as the US Federal Reserve slashes rates to zero and launches a massive quantitative easing program to try to offset the coronavirus impact on the global economy. European stocks opened sharply lower on Monday, reacting to the shutdown taking place on the continent as efforts continue to contain the outbreak. Spain has imposed a 15-day nationwide lockdown, banning its 46 million citizens from all non-essential movement. France and Germany have strengthened their borders in order to contain the spread of the virus. London’s FTSE 100 index opened Monday’s trading over eight percent lower as

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