Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2491
    -0.0020 (-0.16%)
     

  • Bitcoin GBP

    51,079.63
    -666.75 (-1.29%)
     

  • CMC Crypto 200

    1,329.01
    -67.52 (-4.83%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Stocks, oil drop as coronavirus fears grip markets

By Rodrigo Campos
Updated ·2-min read
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

By Rodrigo Campos

NEW YORK (Reuters) - Stocks and oil prices resumed their sharp decline on Wednesday after a report said over 80 people were being monitored for the novel coronavirus in New York State's Long Island.

Financial markets have been reacting to news of the virus' spread because of the potential impact of the disease's outbreak on the global economy.

U.S. and German bond yields resumed their fall while gold prices rose.

Health officials in Nassau County, New York, said on Wednesday that they were monitoring 83 people who visited China and may have come in contact with the coronavirus, but Governor Andrew Cuomo said the state has had no confirmed cases so far.

ADVERTISEMENT

On Wall Street, the Dow Jones Industrial Average <.DJI> fell 75.44 points, or 0.28%, to 27,005.92, the S&P 500 <.SPX> lost 4.75 points, or 0.15%, to 3,123.46 and the Nasdaq Composite <.IXIC> added 17.32 points, or 0.19%, to 8,982.93.

Emerging market stocks lost 1.30%. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> closed 1.29% lower, while Japan's Nikkei <.N225> lost 0.79%.

U.S. 10- and 30-year Treasury yields fell near record lows.

Benchmark 10-year notes <US10YT=RR> last rose 5/32 in price to yield 1.3154%, from 1.33% late on Tuesday. The 30-year bond <US30YT=RR> last rose 2/32 in price to yield 1.8003%, from 1.803% on Tuesday.

U.S. crude <CLc1> fell 2.57% to $48.62 per barrel and Brent <LCOc1> was last at $53.39, down 2.84% on the day.

The dollar index <=USD> rose 0.11%, with the euro <EUR=> up 0.04% to $1.0883.

The Japanese yen weakened 0.10% versus the greenback at 110.34 per dollar, while Sterling <GBP=> was last trading at $1.2901, down 0.79% on the day.

(Graphic: Global stocks' performance vs. reported coronavirus cases - https://fingfx.thomsonreuters.com/gfx/mkt/13/2484/2452/cvirus_stocks1.png)

(Reporting by Rodrigo Campos, additional reporting by Medha Singh in Bengaluru, Laila Kearney and Kate Duguid in New York and Ross Kerber in Boston; Editing by Bernadette Baum)