Coronavirus live updates: US CDC advises against events of more than 50 as 100m Europeans in lockdown

New York closes schools; US Federal Reserve cuts interest rates to near zero; Deaths jump in Spain, Italy and Iran. Follow the latest news.

• Federal Reserve cuts interest rates to near zero
• New York City closes largest US public schools system
• 100m Europeans on lockdown as countries battle coronavirus
  
• Coronavirus latest: at a glance
• See all of our coronavirus coverage

12.29am GMT

The Australian market plunged 7.3% on Monday morning as coronavirus fears again gripped traders.

This follows a rollercoaster day on Friday when the benchmark ASX200 index plunged as much as 8% before roaring back to finish the day up 4.4%.

12.27am GMT

Here is our latest Coronavirus: At a Glance for the key developments in the global pandemic:

Related: Coronavirus: at a glance

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