In the U.S., the Dow Jones industrial average was up 0.7 percent at 13,223.70 while the broader S&P 500 index rose 1 percent to 1,427.22.Though the budget measures associated with the "fiscal cliff" would not all be introduced at once and the Republicans have indicated a willingness to increase taxes on households earning over $1 million, investors won't breathe easily until a deal is signed, sealed and delivered.
Japan's Nikkei Outperforms As Opposition Wins Big
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