During today’s trade, stocks in the Asian markets were observed experiencing a downfall. On the other hand, in a statement, the Central bank notified that equity markets have experienced some relief after a frightening slump.

"There is nothing new, nothing substantial where we can grasp and say this is good, now we can put on some risk again. I don't think it changes the bigger picture”, said the Asia Head of G11 spot FX for RBS, Singapore, Jesper Bargmann.

In addition, the majority of market experts have anticipated that European stocks will bounce through a strong influence from their 5% fall during Thursday’s trade. Further, oil and gold have also experienced a roll down amidst the fears of recession, across the globe. Besides these, Wall Street has also slipped approximately 4%. Further, the US dollar has jumped to a higher position as compared to other chief currencies.

While commenting on these fluctuating market figures, the President of World Bank Robert Zoellick has also raised concern over the existing figures and warned that global economy is likely to experience a tough time.

Meanwhile, the MSCI World equity index also tumbled 4.5%.