BLOOMBERG.COM
Weaker oil prices helped drag European shares lower while a gauge of the U.S. dollar flirted with its longest losing streak since Donald Trump won the election. The yield on 10-year U.S. Treasuries steadied after Friday’s decline to the lowest in two weeks. The Stoxx Europe 600 Index retreated, with oil and gas companies leading declines as crude slipped for the ninth day in 11. While the greenback did fall against most of its major peers, the Bloomberg Dollar Spot Index pared most of its fourth daily loss. Gold touched the highest level in two weeks.
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Weaker oil prices helped drag European shares lower while a gauge of the U.S. dollar flirted with its longest losing streak since Donald Trump won the election. The yield on 10-year U.S. Treasuries steadied after Friday’s decline to the lowest in two weeks. The Stoxx Europe 600 Index retreated, with oil and gas companies leading declines as crude slipped for the ninth day in 11. While the greenback did fall against most of its major peers, the Bloomberg Dollar Spot Index pared most of its fourth daily loss. Gold touched the highest level in two weeks.
Read more>