Milan/Sydney — World stocks stalled near record highs and currency markets were little changed on Monday as trading dwindled before the holidays and investors took profit on gains made this month.

The pan-European Stoxx 600 index was down 0.14% by 8.51am GMT, after nearing a record high in the previous session. MSCI’s broadest index of Asia-Pacific shares excluding Japan was near its highest since June 2018, up 0.05%...

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