Rolling coverage of the latest economic and financial news
- Latest: FTSE 100 has closed 1% higher
- IMF and World Bank issue joint statement
- OECD warns coronavirus could halve global growth
- UK firms struggling to buy raw materials and stocks
- Supermarket shares rise as Ocado reports ‘exceptional demand’
- Bank of England: We’ll act if needed
6.04pm GMT
Reuters are reporting that G7 finance ministers will hold their coronavirus teleconference call at noon UK time on Tuesday.
5.44pm GMT
Time for a recap
The Dow jumps more than 750 points on a volatile trading day, as Wall Street tries to recover from last week’s massive sell-off. pic.twitter.com/1L1malRHy9
Related: Airline industry braced for major threat from coronavirus turmoil
Related: UK supermarkets braced for stockpiling if coronavirus escalates
Related: Coronavirus escalation could cut global economic growth in half – OECD
