Home Markets GLOBAL MARKETS-Asian shares slip as new COVID cases rise

GLOBAL MARKETS-Asian shares slip as new COVID cases rise


* MSCI Asia ex-Japan down 0.14%, reverses early gains

* European shares set to open higher ahead of ECB meeting

* Nikkei +0.6% before extended Olympics weekend

* U.S. yields, dollar edge higher; gold down

By Andrew Galbraith

SHANGHAI, July 21 (Reuters) – Asian shares stumbled on Wednesday, giving up early gains, while the dollar was firm as investors worried that a fast-spreading coronavirus variant could impede a global economic recovery.

But European share markets were set for a slightly higher open following sharp falls early in the week, ahead of a European Central Bank meeting on Thursday that is expected to convey a dovish tone.

Euro Stoxx 50 futures rose 0.16% and German DAX futures were up 0.07%. FTSE futures added 0.08%.

The Delta coronavirus variant has for the moment displaced inflation as investors’ primary source of concern, with South Korea on Wednesday reporting a daily record of new infections.

Last week, data showing a surge in U.S. consumer…

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