Stock Sell-Off Deepens, Bond Yields at Record Lows: Markets Wrap

Stock Sell-Off Deepens, Bond Yields at Record Lows: Markets Wrap

(Bloomberg) -- The worldwide stock sell-off extended on Thursday, putting a global benchmark on course for the lowest close since October as investors continue to fret the spread of the coronavirus. Most government bonds added to gains, sending yields to unprecedented lows.Futures on the main U.S. gauges extended declines as the New York open approached, though remained off lows seen earlier in Asian trading hours. The MSCI All-Country World Index fell for a sixth straight day, with the Stoxx Europe 600 leading declines among major indexes. Anheuser-Busch InBev NV was among the worst performers in Europe after a dismal forecast. Several large companies on the benchmark, including HSBC Holdings Plc, are today trading without the right to dividends, potentially exacerbating declines.Safer assets continued to be in demand, and the yen strengthened as yields on 10-year U.S. and Australian government bonds hit fresh record lows. Oil sank further. The pound reversed a...