Markets rally as fiscal cliff talks signal bright spot


Global markets rallied today after fiscal cliff talks between President Barack Obama and Congressional leaders stepped up a notch over the weekend.

At a meeting between Obama and leaders at the White House, Republicans demonstrated optimism in backing higher taxes. According to a BBC report, House Democratic leader Nancy Pelosi said she is confident a solution is in sight. Asian markets were up overnight, lifted by the talks. The Nikkei 225 rallied by 1.43% to 9,153, while the Hang Seng was up 0.57% to 21,280. Meanwhile, the FTSE 100 strengthened by 0.98% to 5,660 soon after open this morning, while the French Cac 40 gained 1.17% to 3,380. The German Dax climbed 1.19% to 7,033 and the EuroStoxx 50 gained 1.24% to 2,457. ...

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