Shares around the World surge after US Politicians agree deal

(03 Jan 2013)

4shares425 Thumbnail0It is reported in todays irish independent that stock markets surged yesterday on foot of news that traders reacted with relief to the news that US politicians had agreed a deal on the so-called 'fiscal cliff'.

The House of Representatives passed a bill late on Tuesday undoing income tax increases for more than 99pc of households

European markets hit their highest point over a two year period, while US shares posted their biggest two-day gain in six months.

.The vote broke a year-long impasse over how to prevent more than $600bn  in tax increases and spending cuts that could lead the economy back into recession. President Barack Obama said he will sign the bill into law.

For full report please log on to Irish Independent Website

www.independent.ie/business/world/shares-post-big-gains-after-deal-to-avoid-the-us-fiscal-cliff-3341657.html

 

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