(Adds close of U.S. markets)
* 3M Co, Nokia results weigh on global equities
* Dollar gains against euro on U.S. capital goods data
* Brent crude surges past $75 barrel, then settles lower
* Graphic: World FX rates in 2019 By Herbert LashNEW YORK, April 25 (Reuters) - The dollar rose to almost atwo-year high against the euro on Thursday on an upbeat U.S.capital goods report, while world equities slid as weak economicdata from South Korea and a profit warning from 3M Co renewedconcerns about global growth.New orders for U.S.-made capital goods increased by the mostin eight months in March, which combined with worries about theeconomic health of the euro zone knocked the single currency toits lowest against the greenback since May 2017. Other data showed the number of Americans filing claims forunemployment benefits last week was the biggest in 19 months,but the trend remains consistent with a strong labor market."The dollar is benefiting from strong domestic data, weakdata abroad and a slew of dovish central bank meetings," saidJohn Doyle, vice president of dealing and trading at Tempus Incin Washington.The euro fell 0.19% to $1.1131, while European sharesslid after a mixed bag of earnings from the region.Finnish telecom network equipment maker Nokia tumbled 9.0%, its biggest decline in 18 months. Nokia reported asurprise quarterly loss after it failed to supply 5G telecomsequipment on time. The pan-European STOXX 600 index closed down 0.21%and MSCI's gauge of stock performance in 47 countries shed 0.25%.On Wall Street, strong results from Facebook andMicrosoft Corp lifted the tech-heavy Nasdaq to a newintra-day record but were offset by dismal earnings inindustrials, including 3M and United Parcel Service Inc .UPS fell 8.1% and the industrial sector slid 2%,while Facebook gained 5.8% and Microsoft Corp rose 3.3%.
The Dow industrials fell 1% at one point, dragged down by a13% plunge in 3M shares after the company reported alower-than-expected quarterly profit, cut its 2019 earningsforecast and said it would lay off 2,000 workers globally.The Dow Jones Industrial Average fell 134.97 points,or 0.51%, to 26,462.08. The S&P 500 lost 1.08 points, or0.04%, to 2,926.17 and the Nasdaq Composite added 16.67points, or 0.21%, to 8,118.68.Asian markets slid earlier in the day, losing 0.5% as SouthKorea's economy unexpectedly contracted in the first quarter, areminder of economic fragility outside the United States. Shanghai's bourse also fell late in the day, losingmore than 2% on the latest central bank efforts to temperexpectations for further monetary policy easing. Chinese officials also warned of protracted pressure oneconomic growth, casting a shadow over hopes for a sustainedrecovery in the world's second-biggest economy.The dollar index , which measures the greenback versusa basket of six major peers, held near its highest level sinceMay 2017. The index was up 0.1%.The Japanese yen strengthened 0.48% versus thegreenback at 111.63 per dollar.The Turkish lira weakened 0.95% against thedollar after Turkey's central bank left interest rates unchangedat 24% but in a dovish shift dropped a previous reference topossible further tightening if needed to address inflation.
U.S. Treasury yields rose as investors piled into thesafe-haven government bonds following a dovish report fromCanada's central bank and solid demand at auction for $41billion of new five-year notes.
Benchmark U.S. Treasury 10-year notes fell 3/32in price to push yields up to 2.5343%.Oil prices eased after Brent touched $75 per barrel for thefirst time in nearly six months on the suspension of someRussian crude exports to Europe .
Brent crude futures settled down 22 cents at $74.35a barrel. U.S. crude fell 68 cents to settle at $65.21.U.S. gold futures settled unchanged at $1,279.70 anounce. (Reporting by Herbert Lash, additional reporting by Saqib IqbalAhmedEditing by Paul Simao and Rosalba O'Brien)
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