Equities plateau after reaching five-week highs

Emerging market equities have plateaued at five-week highs while total world stocks dip.

Russian assets also declined as oil prices stabilised after recent 2016 highs.

South Africa's rand declined slightly at one per cent to the dollar, indicating the country will hit its first recession in nearly seven years following a recent economic contraction in the first quarter of the year.

The Serbian dinar remained flat and Brazil's real reached 11-month highs on the dollar after the central bank maintained the 14.25 per cent interest rate.

Read more at Reuters.