Asian stocks rise before U.S. fiscal cliff talks resume

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Source: Reuters
© Scanpix/Reuters
Asian stocks rose on caution as U.S. officials were ready to resume talks on how to avoid spending cuts and tax increases. The MSCI's broadest index of Asia-Pacific stocks excluding Japan rose 0.3%, with Australian stocks gaining also 0.3%. Hong Kong shares climbed 0.4% to near the highest level in 17 months, while Shanghai steadied after rising to the highest since July. 
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Thu, 27 Dec 2012 09:45:34 GMT

Oil trades near 2-month high on fiscal cliff talks

Oil traded near a two-month high as U.S. lawmakers were ready to resume negotiations to avoid ‘fiscal cliff'. Brent for February delivery declined 19 cents to $110.88 a barrel, while prices yesterday rose $2.27, or 2.1%. WTI for February settlement traded at $90.94 a barrel, and futures climbed $2.37 to $90.98 yesterday.

Thu, 27 Dec 2012 09:23:34 GMT

Aussie declines before U.S. budget talks resume

The Australian Dollar weakened against all 16 major peers as US lawmakers were ready to resume ‘fiscal cliff' talks. The Aussie dollar lost 0.3% to $1.0349 at 4:07 p.m. in Sydney, set for a 0.8% drop this month. The currency bought 88.81 yen from 88.87 a day earlier. The New Zealand Dollar remained unchanged at 81.98 U.S. cents from yesterday.

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