GLOBAL MARKETS-Stocks, oil fall as coronavirus fears grip markets

* Tracking the novel coronavirus: https://tmsnrt.rs/3aIRuz7
* 10-yr Treasury yield hits fresh record low

(Updates prices, adds comment)
By Rodrigo Campos
NEW YORK, Feb 26 (Reuters) - Stocks and oil prices resumed
their fall on Wednesday after a local authority said over 80
people were being monitored for the novel coronavirus in New
York State's Long Island, adding to concern over spread in
Europe and the Middle East.
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.
"We need to more information before markets have a further
correction or get comfortable things won't escalate further,"
said Jason Draho, head of Americas asset allocation at UBS
Global Wealth Management, New York.
"Markets will be very jumpy until there's increasing
confidence the virus is abating and that it won't be a global
pandemic," he said.
On Wall Street, the Dow Jones Industrial Average .DJI fell
80.13 points, or 0.3%, to 27,001.23, the S&P 500 .SPX lost
5.18 points, or 0.17%, to 3,123.03 and the Nasdaq Composite
.IXIC added 29.90 points, or 0.33%, to 8,995.52. Emerging market stocks lost 1.31%. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 1.23%
lower, while Nikkei futures NKc1 rose 0.82%.
Oil prices fell after hundreds of new coronavirus cases were
reported in Europe and the Middle East, while the New York state
report added to the concern that energy demand would decline.
"It's still all about the virus here," said Bob Yawger,
director of energy futures at Mizuho in New York. "It's going to
be hard for risk assets to gather momentum."
U.S. crude CLc1 fell 2.2% to $48.80 per barrel and Brent
LCOc1 was last at $53.53, down 2.58% on the day. The benchmark yield on 10-year U.S. notes US10YT=RR
touched a fresh record low of 1.301% and last rose 1/32 in price
to yield 1.3287%, from 1.33% late on Tuesday. The 30-year bond
US30YT=RR matched its Tuesday record low and last fell 9/32 in
price to yield 1.8148%, from 1.803%. The dollar ticked up from a two-week low hit the previous
session, though moves in major currencies were muted for the
most part as investors remained cautious. Sterling gave up
Tuesday's sharp gains. The dollar index =USD rose 0.073%, with the euro EUR= up
0.08% to $1.0888.
The Japanese yen weakened 0.14% versus the greenback at
110.38 per dollar, while Sterling GBP= was last trading at
$1.2908, down 0.74% on the day.
Spot gold XAU= added 0.5% to $1,643.59 an ounce. Copper
CMCU3 lost 0.43% to $5,660.50 a tonne.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Coronavirus spreads outside of China https://tmsnrt.rs/38V85hO
Global stocks' performance vs. reported coronavirus cases https://tmsnrt.rs/3c3WvTr
Virus wipes out trillions off world stocks https://tmsnrt.rs/32u4SDt
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>