Oil weighs on Europe stocks as dollar pares drop

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London - Weaker oil prices helped drag European shares lower while a gauge of the US dollar flirted with its longest losing streak since Donald Trump won the election.

The yield on 10-year US 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 fell against most of its major peers, the Bloomberg Dollar Spot Index pared its fourth daily loss to trade little changed. Gold touched the highest level in two weeks.

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USD/ZAR
14.05
-0.1%
GBP/ZAR
19.76
+0.3%
EUR/ZAR
17.09
-0.1%
AUD/ZAR
11.04
-0.1%
JPY/ZAR
0.13
-0.2%
Gold
1,837.56
+0.3%
Silver
27.81
+1.3%
Palladium
2,939.78
+0.4%
Platinum
1,261.36
+0.4%
Brent Crude
68.28
+0.3%
Top 40
62,573
0.0%
All Share
68,520
0.0%
Resource 10
71,474
0.0%
Industrial 25
86,856
0.0%
Financial 15
12,711
0.0%
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