Global stocks rally cools as oil advances with yen

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Sydney - Investors took a step back after US shares rose to a record as the market moved toward the close of a turmoil-filled year. Oil extended its advance and the dollar weakened.

European equities declined after the benchmark index closed on Tuesday at its highest level in a year. The dollar retreated against most major currencies, falling from more than a 10-year high. Oil traded above $53.5 a barrel as data showed US stockpiles declined last week.  Chinese stocks rebounded from a six-week low, led by state-owned enterprises amid optimism of a renewed reforms push.

Volumes are thinning and swings in global equities are muted, with a volatility gauge for European equities at the lowest since 2014.

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Rand - Dollar
14.36
-0.9%
Rand - Pound
19.97
-0.7%
Rand - Euro
17.08
-0.7%
Rand - Aus dollar
10.79
-0.5%
Rand - Yen
0.13
-0.5%
Gold
1,778.26
-0.3%
Silver
25.78
-0.6%
Palladium
2,565.50
-0.7%
Platinum
1,074.42
+1.7%
Brent Crude
74.90
+1.9%
Top 40
59,458
-0.0%
All Share
65,519
-0.1%
Resource 10
61,806
+1.1%
Industrial 25
87,346
-0.7%
Financial 15
12,800
-0.6%
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