Jan 2, 2013

fiscal cliff deal

 "World markets are opening 2013 on a high note, after the U.S. Congress reached a deal to avert an early 2013 financial crisis that threatened to send the world's largest economy into recession.
In the U.S., key stock markets all jumped 2 percent or more in the first half hour of trading Wednesday. Stocks also were surging in Europe, with markets in London, Frankfurt and Paris all advancing more than 2 percent in afternoon trading.
Earlier, Asian markets welcomed the U.S. legislative action in the first trading of the new year, with Hong Kong ending up 2.9 percent, Sydney gaining 1.2 percent, and Seoul adding 1.7 percent.  Markets in Japan and China were closed for public holidays". (VOAnews English)