Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Stocks, yields, oil lower; pandemic fears linger

04/20/2021 | 01:25pm EDT

* European stocks 1.9% weaker; U.S. indices down around 1%

* Oil drops with eyes on India coronavirus cases surge

* Dollar ticks up from near lowest in weeks

NEW YORK, April 20 (Reuters) - A gauge of stock prices across the world was on track on Tuesday for its first back-to-back losses this month, on lingering concern over rising global COVID-19 cases, while oil prices also fell.

The dollar index ticked up after earlier touching its lowest level since March 3 and Treasury yields fell, though they still held above last week's more than one-month lows.

India reported 1,761 deaths from COVID-19 overnight, its highest daily toll, while Canada and the United States extended a land-border closure for non-essential travelers.

On Wall Street, travel stocks weighed on sentiment, with airline and cruise operators falling sharply.

"Rising COVID-19 cases around the world is a risk," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "Investors may be taking a little bit of profit as they recognize that a lot of 'reopening trade' may already be priced into the markets at this point."

The Dow Jones Industrial Average fell 292.03 points, or 0.86%, to 33,785.6, the S&P 500 lost 37.61 points, or 0.90%, to 4,125.65 and the Nasdaq Composite dropped 180.30 points, or 1.3%, to 13,734.46.

The pan-European STOXX 600 index lost 1.90% and MSCI's gauge of stocks across the globe shed 1.06%.

Emerging market stocks lost 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.29% lower, while Japan's Nikkei lost 1.97%.

After touching its lowest level in nearly seven weeks overnight, the dollar index was slightly higher.

The currencies and interest rate markets could be relatively calm for another few weeks as the Federal Reserve and the European Central Bank each take their time adjusting their rate policies, said Mazen Issa, senior currency strategist at TD Securities.

"There really isn't a strong catalyst in either direction this month to really break us out of ranges," Issa said.

The dollar index rose 0.228%, with the euro down 0.07% to $1.2024.

The Japanese yen strengthened 0.03% versus the greenback at 108.13 per dollar, while Sterling was last trading at $1.3934, down 0.35% on the day.

Benchmark 10-year notes last rose 12/32 in price to yield 1.5589%, from 1.599% late on Monday.

Concern over rising COVID-19 cases in India continued to weigh on the oil market.

"Given India's position as a major crude oil importer... new restrictions would be very bad for the energy complex," said Bob Yawger, director of energy futures at Mizuho.

U.S. crude recently fell 1.31% to $62.55 per barrel and Brent was at $66.42, down 0.94% on the day.

Spot gold added 0.5% to $1,777.61 an ounce. Silver fell 0.19% to $25.76.

Bitcoin last fell 0.14% to $55,618.79.

(Reporting by Rodrigo Campos; additional reporting by Laura Sanicola and David Henry in New York, Ross Kerber in Boston and Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Dan Grebler)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.20% 0.74864 Delayed Quote.-2.77%
BITCOIN - EURO -7.89% 27652.61 Real-time Quote.27.84%
BITCOIN - UNITED STATES DOLLAR -8.05% 32795.3 Real-time Quote.23.87%
BRITISH POUND / US DOLLAR (GBP/USD) -0.06% 1.38055 Delayed Quote.0.94%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.27% 0.80108 Delayed Quote.2.09%
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
DOW JONES FXCM DOLLAR INDEX 0.38% 11891.46 Delayed Quote.1.90%
EURO / US DOLLAR (EUR/USD) -0.12% 1.18607 Delayed Quote.-2.82%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013488 Delayed Quote.-1.49%
LONDON BRENT OIL -0.29% 73.44 Delayed Quote.41.20%
NASDAQ 100 -0.81% 14049.584838 Delayed Quote.9.01%
NASDAQ COMP. -0.92% 14030.375849 Delayed Quote.8.86%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.06% 0.6945 Delayed Quote.-3.43%
NIKKEI 225 -3.29% 28010.93 Real-time Quote.5.54%
S&P 500 -1.31% 4166.45 Delayed Quote.10.93%
SILVER 0.04% 25.893 Delayed Quote.-2.11%
STOXX EUROPE 600 -0.51% 449.25 Delayed Quote.13.29%
STOXX EUROPE 600 NR -0.57% 1004.4 Delayed Quote.14.89%
WTI -0.25% 71.645 Delayed Quote.47.13%
Latest news "Economy & Forex"
08:41aNext digital to "stop uploading" of apple daily's online version by saturday if board meeting on friday decides to stop operations -internal memo seen by reuters
RE
08:36aNext digital board to hold another meeting on friday -cable tv
RE
08:35aNext digital board has reached a consensus to stop operations of hong kong's apple daily -cable tv
RE
08:32aMorrisons shares jump 30% after CD&R approach rebuffed
RE
08:31aAustralia shares fall most in over one month on CBA plunge, hawkish Fed
RE
08:28aTAKE FIVE : U.S. housing, the BoE and Tokyo's Olympics preparations
RE
08:24aJapan olympics minister marukawa says asks ioc to make public the proportion of officials arriving for the olympics who have been vaccinated
RE
08:21aOPEC ORGANIZATION OF PETROLEUM EXPORTING COU  : daily basket price stood at $71.56 a barrel Friday, 18 June 2021
PU
08:18aMaersk VC co-leads funding round in Egyptian start-up Trella
RE
08:18aCryptocurrencies tumble amid China crackdown on bitcoin miners
RE
Latest news "Economy & Forex"