Stock Markets Across The Globe Rally On Closer Negotiations For Fiscal Cliff Deal

Tuesday, December 18, 2012 08:14
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Stock Markets Across The Globe Rally On Closer Negotiations For Fiscal Cliff Deal

Tags: deficit | markets | stocks

Stock markets are rallying as news grows more positive on a possible bipartisan deficit deal. Stocks extended a three-month high and markets gained across the globe.

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The ratio of stocks advancing to stocks declining was six to one on Monday. The MSCI All-World Index added .2% in London and was headed toward its highest close since September 14.
 
In the US, Standard & Poors 500 Index futures were up .3%.
 
The Nikkei 225 Stock Average in Japan advanced 1%. The index has gained more than 9% on speculation that the Liberal Democratic Party, which was returned to office in last week’s elections, will take more action to stimulate the Japanese economy.
 
Treasuries fell, increasing the benchmark’s yield to its highest level in almost two months. The White House and House Speaker John Boehner have only a few days left to avoid the fiscal cliff.

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