The statement from G7 finance ministers and central bank governors indicates a willingness to use fiscal and monetary policy to fight the coronavirus impact on the economy but doesn't outline any specific steps. "Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks. Alongside strengthening efforts to expand health services, G7 finance ministers are ready to take actions, including fiscal measures where appropriate, to aid in the response to the virus and support the economy during this phase. G7 central banks will continue to fulfill their mandates, thus supporting price stability and economic growth while maintaining the resilience of the financial system," said the statement posted on the U.S. Treasury website. U.S. stock futures ES00, -1.36% were still higher but off their best levels of the day following the statement.