(Adds gold, oil settlement prices)
* Wall Street slides as investors brace for dour earnings
* Oil prices mixed after output cut
* Minister says UK GDP could contract by 30% -Times
* China's export slump seen extending to March -Poll
By Herbert Lash
NEW YORK, April 13 (Reuters) - Stocks on Wall Street slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut.
Gold prices rose to their highest in more than seven years and the dollar fell slightly, with volume thin due to the Easter Monday holiday across Europe and parts of Asia, where markets in Australia, New Zealand and Hong Kong were closed.
U.S. Treasury yields rose as the cut to global oil output addressed a glut that has damaged the energy sector but reminded investors of the sharp economic contraction countries face.
Britain's finance minister told colleagues the UK's economy could shrink by 25% to 30% between April and June because of the coronavirus lockdown, the Times newspaper reported. slump in China's exports is expected to have extended into March, while a collapse in oil prices likely deepened a decline in imports, a Reuters poll showed. exports are expected to have fallen 14% in March from a year earlier, slowing the downturn somewhat from a 17.2% contraction in the January-February period. Imports are set to have shrunk 9.5% from a year earlier, the sharpest drop since July 2016 and deeper than a 4.0% decline in January-February.
"The market wants to find confidence in some of the recent developments, but I still think it's going to be a very long slog," said Gennadiy Goldberg, senior rates strategist at TD Securities in New York.
MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.86% and its emerging market stock index lost 0.54%.
On Wall Street, the Dow Jones Industrial Average .DJI fell 385.05 points, or 1.62%, to 23,334.32. The S&P 500 .SPX lost 36.51 points, or 1.31%, to 2,753.31 and the Nasdaq Composite .IXIC dropped 4.73 points, or 0.06%, to 8,148.85.
Corporate America reports first-quarter results this week, starting what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
Earnings for S&P 500 firms are expected to tumble 9.0% in the first quarter, compared with a Jan. 1 forecast of a 6.3% rise, before plummeting 20.7% in the second quarter as sweeping lockdowns halted business activity and spark furloughs.
The outbreak could reach its U.S. peak this week, a top U.S. health official said, and New York Governor Andrew Cuomo declared "the worst is over" for his state, the U.S. epicenter of the virus. United States, with the world's third-largest population, has recorded more than 22,800 fatalities from COVID-19, or more than any other country, a Reuters tally shows.
The Nikkei .N225 fell 1.9% overnight in Japan and South Korean shares .KS11 dropped 1.3%, while China's CSI300 index .CSI300 lost 0.5%.
Oil prices have slumped more than 50% from their January peak as the coronavirus pandemic hit fuel demand.
International benchmark Brent futures LCOc1 rose 26 cents to settle at $31.74 per barrel. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 35 cents to settle at $22.41 per barrel in a volatile session.
The dollar index =USD fell 0.088% and the Japanese yen JPY= strengthened 0.79% versus the greenback at 107.61 per dollar.
Gold, seen as a store of value when inflation picks up, rose as investors sought the safe-haven on fear of the harm the coronavirus will do to the global growth and corporate earnings.
U.S. gold futures GCcv1 settled 0.5% higher at $1,761.40 an ounce and hit their highest since February 2013 at $1,769.50.
Central banks are doing everything in their power to support the stock market and economy, which will eventually lead to inflation, said Phil Streible, chief market strategist at Blue Line Futures in Chicago.
"Yields on debt instruments are virtually zero, which increases physical demand for gold and silver as a safe-haven asset," Streible said.
Benchmark 10-year U.S. Treasury notes US10YT=RR fell 9/32 in price to lift their yield to 0.749%.