(Adds U.S. market open, changes dateline; previous LONDON)
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
* Coronavirus death toll climbs past 900, exceeds SARS toll
of 774
* MSCI world index rebounds, Wall Street rallies
* Dollar takes breather after rally last week
By Herbert Lash
NEW YORK, Feb 10 (Reuters) - Gold rose and the dollar hit a
four-month high against the euro on Monday as the death toll
from coronavirus outbreak passed that of the SARS epidemic two
decades ago, boosting demand for safe havens.
Wall Street, however, rebounded on a strong U.S. economic
outlook, with the Nasdaq hitting a record high.
Weak economic data in the eurozone made the dollar
relatively more attractive than the single currency, especially
considering Friday's U.S. non-farm payrolls report showing an
acceleration in job growth in January.
Data on Monday showed Italian industrial output was much
weaker than expected in December, another setback for the euro
after data on Friday showed German industrial output suffered
its biggest fall since the recession-hit year of 2009.
A gauge of global equity markets traded little changed,
paring most losses after Wall Street rebounded in contrast to
declining share prices in Europe, which also fell on concerns
about the extent of the coronavirus.
"We have the safe-haven bid from the coronavirus. That is
killing EM and really benefiting the dollar, and to a lesser
extent the yen and Swiss," said Win Thin, global head of
currency strategy at Brown Brothers Harriman in New York.
MSCI's gauge of stocks across the globe .MIWD00000PUS
gained 0.06% while the pan-European STOXX 600 index .STOXX
rose 0.06%.
On Wall Street, the Dow Jones Industrial Average .DJI rose
101.67 points, or 0.35%, to 29,204.18. The S&P 500 .SPX gained
14.36 points, or 0.43%, to 3,342.07 and the Nasdaq Composite
.IXIC added 67.76 points, or 0.71%, to 9,588.27.
Investors continued to monitor the advance of the deadly
coronavirus, which has killed more than 900 people as of Sunday,
mostly in China's provincial capital of Wuhan, the epicenter of
the outbreak.
Electric carmaker Tesla Inc TSLA.O rose 2.6% as its
Shanghai factory returned to service. People across China trickled back to work after the extended
Lunar New Year holiday. The government eased restrictions
imposed to counter the coronavirus but the World Health
Organization said the number of cases outside China could be
just "the tip of the iceberg." The dollar index .DXY rose 0.18%, with the euro EUR=
down 0.29% to $1.0911. The Japanese yen JPY= weakened 0.01%
versus the greenback at 109.79 per dollar.
Bond yields fell. The benchmark 10-year U.S. Treasury
note US10YT=RR rose 5/32 in price to yield 1.5593%.
The full economic impact of the virus is still unknown but
is expected to exacerbate a slowdown in the Chinese economy.
Treasury debt, which serves as a safe-haven investment in
times of geopolitical and economic volatility, has been in
demand since the start of the year. The 10-year Treasury yield
US10YT=RR , which moves inversely to price, has fallen 17.8%
since Dec. 31.
Shares overnight in Asia mostly fell. Japan's Nikkei .N225
was off 0.6%, South Korea's KOSPI .KS11 was 0.5% weaker while
Australia's benchmark index .AXJO eased 0.14%.
China's indexes were the only ones in the black in Asia,
with the blue-chip index .CSI300 adding 0.4% and Shanghai's
SSE Composite .SSEC up 0.5%.
Oil prices dipped on weaker Chinese demand due to the
coronavirus outbreak and as traders waited to see if Russia
would join other producers in seeking further output cuts.
Oil has dropped more than 20% from a peak in January after
the spreading virus hit demand in the world's largest oil
importer and fueled concerns of excess supplies.
Brent crude LCOc1 slipped 60 cents to $53.87 a barrel,
while U.S. West Texas Intermediate CLc1 fell 49 cents to
$49.83 a barrel or 0.5%.
U.S. gold futures GCcv1 were 0.2% higher at $1,576.80 an
ounce.
Stocks stabilize as pace of reported virus infections slows https://tmsnrt.rs/2tyLx6W
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