Stocks gain as US debt stems worst run since '12

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Dubai - Energy stocks rallied, leading a third day of gains for European equities as crude prices bounced. Treasuries halted the longest losing streak in five years before a US jobs report expected to bolster the case for a rate hike next week.

The yield on 10-year US Treasuries fluctuated before edging lower for the first time in 10 days. Crude’s advance from a three-month low wasn’t enough to climb above $50 a barrel, but it boosted oil and energy shares in Europe. Gold slid below $1 200 per ounce, dropping for a fifth day, its longest losing run since October.

Friday’s American jobs report is the last major piece of economic data before the Federal Reserve meets next week, with markets pricing a rate increase as a near certainty.

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Rand - Dollar
14.01
+0.6%
Rand - Pound
19.87
+0.3%
Rand - Euro
17.12
+0.1%
Rand - Aus dollar
10.91
+0.4%
Rand - Yen
0.13
+0.4%
Gold
1,869.91
+0.2%
Silver
28.19
+0.0%
Palladium
2,907.50
+0.2%
Platinum
1,222.00
-1.8%
Brent Crude
69.46
+1.1%
Top 40
61,190
-0.0%
All Share
67,255
+0.1%
Resource 10
70,784
+0.2%
Industrial 25
83,774
-0.3%
Financial 15
12,689
+0.6%
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