Coronavirus fears continue to pressure global stock exchanges

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Coronavirus fears continue to pressure global stock exchanges. Major US stock indices finished at fresh records Monday, shrugging off worries about the coronavirus that pressured other equity markets and drove oil prices lower.

The domestic impact was reflected in China´s inflation figures released Monday, which showed the highest rise in consumer prices in more than eight years, with food prices spiking more than 20 percent.

Investors are looking ahead to key US data releases on retail sales and consumer pricing, as well as two days of congressional testimony with Federal Reserve Chair Jerome Powell starting Tuesday.

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