Monday, December 31, 2012

Euro shares dip as fiscal cliff deadline nears

World stocks were set to end the year up 15 percent but dipped on Monday as U.S. politicians prepared for last-minute talks to avoid a fiscal crunch of spending cuts and tax hikes that could drag down the world economy.

In Washington, the two political parties are set to hold further talks to try and find a way to avoid the $600 billion "fiscal cliff" due to kick in from the start of January.

http://www.reuters.com/article/2012/12/31/us-markets-global-idUSBRE88901C20121231