Dire US jobs numbers drive further selloff for global markets amid Covid-19 fallout

Global stock markets sank following more signs that the Covid-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply.

Investors sought out safe havens in the dollar and government bonds, as US payrolls fell by the largest amount since March 2009, ending a record 113 straight months of job growth.