BREAKING: World Stocks Catch Breath after Vaccine Euphoria
LONDON/TOKYO (Reuters) - Global shares were little changed and oil rose on Wednesday as weak U.S. retail sales and a surge of new coronavirus cases dampened but did not extinguish the euphoria from recent COVID-19 vaccine breakthroughs.
The MSCI World index was flat at 0823 GMT, just shy of the previous session’s record high.
European shares opened lower, with the STOXX 600 index down around 0.1%, tracking weakness overnight in Japan, where the Nikkei fell 1.1% after coronavirus cases there rose to a high.
Elsewhere in Asia, the picture was more mixed. MSCI’s broadest gauge of regional shares rose 0.6%, helped by better handling of the pandemic in much of the region and the prospect of more stimulus in China.
In Europe’s debt markets, Germany saw its benchmark 10-year government bond yield fall to its lowest since Pfizer announced its COVID-19 vaccine update a week and a half ago.
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