(Bloomberg) — European stocks slumped as investors weighed their appetite for risk assets against the acceleration in virus cases across the American South.The Stoxx Europe 600 Index opened lower with declines across most industry groups. U.S. equity futures fluctuated and Asian stocks were mixed. The dollar and Treasuries edged lower. New Zealand’s dollar reversed gains after the central bank said it’s open to providing further stimulus.Austria is selling another 100-year bond, locking in historically low borrowing costs from investors who have few alternatives for debt yielding more than 0.5%.Investors are watching whether local officials from California to Germany will slow or reverse plans to reopen parts of their economies to snuff out a surge in infections. The International Monetary Fund is also due to release an updated outlook today that will probably give an even bleaker view on how economies are coping with the coronavirus outbreak.While the rally in global equities has taken a pause recently as virus cases increase, technology shares have found new momentum. The Nasdaq Composite is at a record after rallying for the past eight days, the longest streak since December.Here are some key events coming up:The IMF will release new 2020 growth projections on Wednesday.U.S. jobless claims, durable goods and GDP data are due Thursday.A rebalance of Russell indexes is due on Friday.These are the main moves in markets:StocksThe Stoxx Europe 600 Index declined 0.5% as of 8:20 a.m. London time.Futures on the S&P 500 Index advanced 0.1%.Nasdaq 100 Index futures climbed 0.3%.The MSCI Emerging Market Index increased 0.5%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro was little changed at $1.1309.The British pound declined 0.1% to $1.2503.The Japanese yen weakened 0.1% to 106.60 per dollar.New Zealand’s dollar dipped 0.5% to $0.6457.BondsThe yield on 10-year Treasuries climbed one basis point to 0.72%.The yield on two-year Treasuries advanced one basis point to 0.19%.Germany’s 10-year yield gained two basis points to -0.39%.Britain’s 10-year yield climbed one basis point to 0.221%.CommoditiesBrent crude increased 0.5% to $42.83 a barrel.Gold strengthened 0.1% to $1,770.31 an ounce.Iron ore advanced 1.5% to $100.82 per metric ton.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
