Global stocks fall after weak car sales, yen rises

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London - Stocks took direction from weaker US equities overnight as carmakers reported disappointing trade. Gold strengthened with the yen and dollar while the rand dropped on a ratings downgrade.

A gauge of global shares fell a third day after auto companies’ monthly sales offered a warning that Americans may have become more thrifty.

The rand extended declines for a seventh day after the country lost its investment-grade credit rating from S&P Global Ratings for the first time in 17 years. Gold headed for the highest close since the aftermath of the US election and the yen was the top performer among major currencies.

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USD/ZAR
14.06
-0.0%
GBP/ZAR
19.73
+0.2%
EUR/ZAR
17.10
-0.1%
AUD/ZAR
11.04
-0.1%
JPY/ZAR
0.13
-0.2%
Gold
1,834.48
+0.2%
Silver
27.71
+1.0%
Palladium
2,940.00
+0.4%
Platinum
1,260.99
+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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