GLOBAL MARKETS-U.S. stocks off in light trade, oil slips
* U.S. stocks off on fears corporate earnings to be weak
* Oil falls after IEA cuts 2009 world demand forecast more
* Bonds rise on uncertainty over corporate earnings.
* Dollar, yen ease vs euro as safe-harbor buying slides (Recasts with U.S. markets, changes dateline, previous TOKYO)
By Herbert Lash
NEW YORK, April 13 (Reuters) - U.S. stocks slipped on Monday, pulled lower as energy stocks retreated on a decline in crude oil prices to below $50 a barrel and on investors' jitters ahead of the release of U.S. corporate earnings this week.
Light volume exacerbated price moves across asset classes, with many financial centers closed in Europe and parts of Asia for the Easter holiday.
The dollar and yen fell against the euro as a five-week rally in U.S. stocks and growing hopes that the global crisis may have passed its worst point have helped erode the safe-haven appeal of the U.S. and Japanese currencies.
U.S. Treasury debt prices rose as weaker U.S. stocks and uncertainty about a week packed with corporate earnings from a dismal first quarter lifted the appeal of government bonds. Continued...
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