Stock markets are on course for a fresh sell-off, unwinding two days of recovery, despite the $2trn (£1.7trn) US coronavirus relief scheme clearing its first hurdle.
on Tuesday and Wednesday on hopes the measures - the largest programme of support ever initiated - would have a smooth passage as investors eye the prospect of a recession deeper than that caused by the financial crisis in 2008.
The package includes $58bn for the mostly-grounded airline industry - split between grants and loans to cover pay cheques - with companies drawing support unable to cut staff until the end of September or change their labour agreements.Image:It is understood most Americans would qualify for cheques of up to $1,200 each.
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