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rdf:type	schema:NewsArticle
schema:articleBody	European stock markets sank further in opening deals on Wednesday, as vast global stimulus measures failed to offset concerns that the coronavirus outbreak would tip the world into recession, dealers said. Just after the open, London's benchmark FTSE 100 index dived 3.9 percent to 5,087.15 points. In the eurozone, Frankfurt's DAX 30 tanked 4.0 percent to 8,580.02 and the Paris CAC 40 dropped 3.2 percent to 3,864.76 points. "From what we see from the market reaction, massive monetary and fiscal measures deployed are not thought to be enough to prevent economies from plunging into recession," Swissquote Bank analyst Ipek Ozkardeskaya told AFP. Asian equities also fell Wednesday as investors struggled to build on an early rally fuelled by global stimulus pledges, including a more than $1 trillion package flagged by the United States. British finance chief Rishi Sunak on Tuesday unveiled an "unprecedented package" of government-backed loans worth £330 billion ($400 billion), while France and Spain announced tens of billions of euros in aid. The US led the charge on Tuesday, with Treasury Secretary Steven Mnuchin saying officials were drawing up a package that could surpass $1 trillion, on top of $300 billion in deferred tax payments, making it among the largest federal emergency plans ever and far surpassing assistance during the 2008 global financial meltdown. The moves followed central bank interest rate cuts and pledges to make cash available to stop financial markets from jamming up. US and European stocks had soared on the news on Tuesday. "The turbulent time continues for equity markets around the globe," said AvaTrade analyst Naeem Aslam. "Despite all the fiscal measures, investors are still fretful and this is because we are in uncharted territory." burs-rfj/bmm
schema:headline	European stock markets slump at open
schema:mentions	Steven Mnuchin FTSE 100 Index Interest rate Eurozone United States Department of the Treasury Stock Protest Frankfurt Agence France-Presse Recession Asia Rishi Sunak Spain Paris London France United Kingdom United States Severe acute respiratory syndrome coronavirus 2 Deferred tax Government-backed loan Uncharted CAC 40 DAX
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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