Global stock markets and U.S. futures fell Monday after central bank moves to shore up economic growth failed to dispel investor’s fears over anti-virus controls that are shutting down global business and travel. Tokyo closed 2.5% lower after Japan’s central bank expanded asset purchases to inject money into the economy and promised no-interest loans to help companies cope with the crisis. On Wall Street, futures for the benchmark S&P 500 index and Dow Jones Industrial Average were off nearly 5% following Sunday’s emergency rate cut by the Federal Reserve.
