* World stocks slide as poor results, sentiment weigh
* Dollar rises from 2009 low after U.S. consumer data
* Oil falls after run-up, U.S. consumer confidence weighs
* Bonds' safe-haven appeal bolstered by weaker stocks
(Adds close of U.S. markets)
By Herbert Lash
NEW YORK, July 28 (Reuters) - Global stocks and crude oil
fell on Tuesday after U.S. consumer confidence slid for a
second straight month in July and poor corporate results doused
a recent rally in world equity and commodity markets.
The slide in consumer sentiment enhanced the appeal of
government debt and the U.S dollar, which rebounded from its
lowest level this year versus a basket of currencies. For more
see [] and [].
Oil fell to settle just above $67 a barrel while the price
of copper, which reflect demand in the construction industry,
closed about 1 percent lower. []
The yen also rallied across the board as equity markets
slid and investors dumped riskier assets.
The slide in equity markets snuffed an 11-day winning
streak of Britain's top share index, while Japan's Nikkei share
average ended nine straight sessions of gains, its longest
winning run since 1988.
But the Dow and S&P 500 pared losses at the close as
investors took a benign view of the weak consumer confidence
data and focused on positive earnings reports in the healthcare
sector.
The Nasdaq edged higher a day after Amgen's <AMGN.O> strong
results buoyed tech stocks. []
Still, disappointing quarterly results from companies such
as Office Depot Inc <ODP.N>, the No. 2 U.S. office supply
retailer, damped hopes for a strong economic recovery.
The Dow Jones industrial average <> closed down 11.79
points, or 0.13 percent, at 9,096.72. The Standard & Poor's 500
Index <.SPX> fell 2.56 points, or 0.26 percent, at 979.62.
The Nasdaq Composite Index <> rose 7.62 points, or
0.39 percent, at 1,975.51.
Shorter-dated U.S. Treasury debt eased after mixed results
in an auction of $42 billion of two-year notes left some
analysts wondering if the appetite for U.S. government debt
might be waning. Longer-dated U.S. Treasury debt prices rose.
"There is an allocation out of stocks and into bonds after
the great run that stocks have had," said William O'Donnell,
head of U.S. Treasury strategy at RBS Securities in Greenwich,
Connecticut.
The benchmark 10-year U.S. Treasury note <US10YT=RR> was up
10/32 in price to yield 3.68 percent. The 2-year U.S. Treasury
note <US2YT=RR> fell 3/32 in price to yield 1.09 percent.
The day's big news was the hit U.S. consumer confidence
took in July on a weakening job market, which analysts said
could prevent near-term economic recovery. []
"The consumer confidence number was a big shocker, not
necessarily the headline but definitely the sub-component for
the labor market," said Kenneth Broux, financial market
economist at Lloyds Banking Group in London.
The Conference Board, an industry group, said its index of
consumer attitudes slid to 46.6 in July from 49.3 in June.
Economists had expected a reading of 49.0, based on the median
of 64 forecasts in a Reuters poll. []
European shares fell as Deutsche Bank <DBKGn.DE> led banks
lower after it raised its loan loss provisions, while BP's
<BP.L> mixed results weighed on energy stocks. []
The pan-European FTSEurofirst 300 <> index ended down
nearly 1 percent at 902.85.
The FTSE 100 <> fell 57.29 points at 4,528.84, in a
choppy session that saw it struggling to obtain a record 12th
day of gains. The index has risen 11 percent in two weeks.
U.S. crude <CLc1> settled down $1.15 at $67.23 a barrel,
while London Brent <LCOc1> fell 93 cents to settle at $69.88.
"The petroleum markets are backing off from the highs,
seemingly prepared, along with the S&P 500, to at least take a
break from the recent rally," said Tim Evans, an analyst at
Citi Futures Perspective in New York.
The dollar rose against a basket of major currencies, with
the U.S. Dollar Index <.DXY> up 0.37 percent at 78.92.
The euro <EUR=> fell 0.58 percent at $1.4162. Against the
yen, the dollar <JPY=> fell 0.57 percent at 94.64.
Spot gold prices <XAU=> fell $15.75 to $936.90 an ounce.
Japan's Nikkei share average <> edged down 1.4 points
to 10,087.26, while the MSCI index of Asia Pacific stocks
outside Japan <.MIAPJ0000PUS> rose 1.5 percent to a 10-month
high.
(Reporting by Rachel Chang, Wanfeng Zhou and Chris Reese in
New York, and Jamie McGeever, Dominic Lau and Rebekah Curtis in
London; Writing by Herbert Lash; Editing by James Dalgleish)