The dollar rose and global equity markets slumped on Thursday after a new methodology that sharply increased the death toll in China from the coronavirus unnerved investors and halted a rally that had lifted U.S. and European stocks to record peaks.
The dollar index .DXY was flat, with the euro EURO down 0.23% to $1.0846.
Europe’s main markets followed Asia into red, while stocks on Wall Street traded slightly lower to little changed.
MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 0.16% and its emerging markets index lost 0.22%.
The pan-European STOXX 600 index lost 0.02%.
Oil prices rose, shrugging off bearish reports which cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world’s biggest oil importer.
Paring losses from earlier in the session, Brent crude LCOc1 rose 44 cents to $56.23 a barrel, while U.S. West Texas Intermediate (WTI) CLc1 added 24 cents at $51.41 a barrel.
Benchmark 10-year notes US10YTORR last rose 3/32 in price to yield 1.6173%.