The threat of a pandemic triggered by a new 'flu strain that has killed 103 people in Mexico will provide a windfall for some makers of drugs and vaccines.
U.S. stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.
Oil prices fell more than 4 percent toward $49 a barrel on Monday, pressured by fears of a global flu pandemic that could prove another setback for the fragile world economy.
World stocks tumbled on Monday, after seven weeks of gains, and oil and the euro fell as concerns intensified the spread of swine flu, which has killed more than 100 people in Mexico, would hit the global economy.
Asian stocks fell about 2 percent on Monday as the outbreak of swine flu in North America hurt shares of airlines while prompting some market players to trim risky positions, hitting currencies such as the Australian dollar.
U.S. stocks may run into some turbulence this week as the impending release of bank stress test results, a Federal Reserve meeting and a flood of earnings give investors reasons for caution.
Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain on fears of a global flu pandemic that could give the world economy another knock.
Fears of a global swine flu pandemic grew with new infections in the United States and Canada on Sunday, and millions of Mexicans
The Swine flu that hit Mexico has now hit the U.S. and there are more than 20 reported cases.
Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.
Corrects first paragraph to clarify that the disease is not yet a pandemic and market is moving on fears of it reaching pandemic proportions
Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.
Oil prices retreated below $51 a barrel on Monday, giving back some of the previous session's near 4 percent gain, on risk aversion following a deadly swine flu pandemic emerging from Mexico.
The Swine Flu virus is a virus that has brought with it a lot of confusion and even scientists are unsure of its exact origin.
A strain of swine flu found in eight people in California and Texas has been linked to the deadly flu that has killed as many as 60 people and left 900 sick in Mexico.
While today's modern cities certainly are graced by large fortifications, since the first days of civilization walls have been built around cities to protect citizens from outside invaders and attacks.
A deadly strain of swine flu never seen before has killed as many as 61 people in Mexico and has spread into the United States, where several people were reported ill.
A deadly swine flu never seen before has broken out in Mexico, killing at least 16 people and raising fears of a possible pandemic. World Health Organization officials said the flu has killed about 60 Mexicans.
Seven people have been diagnosed with a new kind of swine flu in California and Texas, the U.S. Centers for Disease Control and Prevention reported on Thursday.
The World Health Organization (WHO) voiced concern on Friday at a confirmed outbreak of swine flu in the United States and what it called more than 800 human influenza-like cases in Mexico, including about 60 deaths.
Mexico is canceling classes for millions of children in the heart of the country on Friday after influenza killed around 20 people in recent weeks.
General Motors Corp said on Thursday it would slash production over the next three months to cut its inventory of cars and trucks and avoid the risk of an uncontrolled shutdown from the financial crisis at bankrupt supplier Delphi Corp .