• U.S. Treasury yields fell to their lowest levels in weeks on Wednesday in a flight to safety that also helped lift gold to a three-month peak amid political risks in Europe and worries over U.S. President Donald Trump's policies.
Political concerns, including a strong showing by far-right candidate Marine Le Pen in France's presidential race, sent a wave of overseas buyers to Treasuries, which offer a sizeable yield premium over government bonds from countries in Europe.
Yields on 7-, 10- and 30-year Treasuries fell to their lowest levels since mid-January, while 5-year note yields hit their lowest since Dec. 8.
• The dollar drooped against its peers early on Thursday, hovering near a 10-week low versus the yen, with a slide in U.S. Treasury yields amid investor flight to safety taking a toll on the currency.
The euro was little changed at $1.0692 after rising 0.15 percent overnight. The common currency descended to a one-week low of $1.0640 earlier Wednesday on heightened European political woes before pulling back as the dollar retreated. The dollar was down a fraction at 111.870 yen, in close reach of the 10-week trough of 111.590plumbed earlier in the week.
The dollar index against a basket of major currencies was down 0.1 percent at 100.210.
• Trump blasts retailer Nordstrom, raising new concern on business ties!
President Donald Trump blasted department store chain Nordstrom Inc (JWN.N) on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire.
• Oil prices rose on Wednesday as investors covered short positions when a big rise in U.S crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in fuel inventories. U.S. crude settled at $52.34 a barrel, up 17 cents, or 0.33 percent. Brent settled up 0.13 percent, or 7 cents, at $55.12.
• U.S. crude stocks rose by 13.8 million barrels in the week to Feb. 3 as refineries cut output, while gasoline stocks decreased, the Energy Information Administration said.
Reference: Reuters, CNBC
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