GLOBAL MARKETS-U.S. shares retreat on renewed pandemic fears, safe-havens rise

(Adds close of U.S. markets)
* Apple temporarily closes store due to rising coronavirus
cases
* Gold gains on safe-haven demand, rises above $1,750 oz
* Dollar gains, bond yields slide on safe-haven demand
* Oil trims gains but closes higher

By Herbert Lash
NEW YORK, June 19 (Reuters) - Demand for safe havens rose
and global equity markets turned south on Friday after Apple Inc
said it would temporarily shut 11 U.S. stores as coronavirus
cases continue to rise, rekindling fears of a deadly second wave
of the pandemic.
News of Apple's AAPL.O move involving stores in Florida,
Arizona, South Carolina and North Carolina doused hopes for a
quick economic recovery that had spurred risk appetite earlier
in the day, driving up European and U.S. stocks about 1%.
Treasury yields fell and the dollar rebounded from early
losses as it posted its best weekly gain in a month. Gold rose
more than 1%, with futures settling above the technical barrier
of $1,750 an ounce, a breakout that should push bullion higher.
Apple's decision portends more restrictions coming back as
coronavirus cases rise and the reopening process stalls, said
Edward Moya, senior market analyst at currency brokerage OANDA.
The $1,750 mark "has been a big barrier for gold and speaks
strongly that the safe-haven trade is not going away anytime
soon," Moya said.
Stocks in Europe pared some gains but closed higher before
the Apple news broke. Investors remained hopeful that a massive
750 billion euro stimulus package will soon be passed, though
European Union leaders made little progress in negotiations.
The Nasdaq's early surge above the 10,000 mark had put the
tech-heavy index on track to a record closing high, but Apple's
announcement foiled that milestone even though Nasdaq closed
moderately higher.
MSCI's gauge of stocks across the globe .MIWD00000PUS shed
0.20% while the pan-European STOXX 600 index .STOXX closed up
0.56%. Emerging market stocks rose 0.60%.
On Wall Street, the Dow Jones Industrial Average .DJI fell
204.38 points, or 0.78%, to 25,875.72. The S&P 500 .SPX lost
17.22 points, or 0.55%, to 3,098.12 and the Nasdaq Composite
.IXIC added 3.07 points, or 0.03%, to 9,946.12.
Investors have been tugged in opposite directions by
improving economic data and new outbreaks of COVID-19
infections. California, North Carolina and a string of U.S.
cities have mandated or urged mandatory mask use to contain
spiraling coronavirus cases. Mainland China reported 32 new coronavirus cases as of the
end of June 18, 25 of which were reported in Beijing, China's
National Health Commission said. Oil prices pulled back sharply from early highs on concerns
the pandemic's continued spread could hamper the recovery.
Boston Federal Reserve President Eric Rosengren said more
fiscal and monetary support for the U.S. economy will likely be
needed, echoing comments by the European Central Bank chief, who
said the EU's economy was in a "dramatic fall." Brent futures LCOc1 rose 68 cents to settle at $42.19 a
barrel while U.S. crude CLc1 settled up 91 cents at $39.75.
ECB President Christine Lagarde called on EU leaders to
agree on their recovery plan quickly, diplomatic sources and
officials said. The leaders are divided over its final size but
hope a deal will be struck in July.
The dollar index =USD rose 0.193%, with the euro EUR=
down 0.16% to $1.1184 and the Japanese yen JPY= up 0.15%
versus the greenback at 106.83 per dollar.
Demand for German government debt was little changed, with
the benchmark 10-year Bund yield at -0.415% DE10YT=RR .
Benchmark 10-year notes US10YT=RR rose 0.1 basis points to
yield 0.6954%, coming off higher yields of 0.745% earlier in the
session.
U.S. gold futures GCv1 settled 1.3% up at $1,753 an ounce.

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Emerging markets http://tmsnrt.rs/2ihRugV
World stocks vs. COVID-19 confirmed cases https://tmsnrt.rs/2YSK5b4
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