Global stocks set for best year since 2013

Going up: The euro rallied as much as 1.6 before paring its advance to 0.6 and trading at US1.0554. – EPA

MOSCOW: Global stocks were set to close a tumultuous year with the biggest gain since 2013, even as European and Japanese equities angled for their first annual decline in five years.

The euro spiked higher as the dollar rally continued to fizzle and commodities advanced in thin end-of-year trading.