European stock futures jump, Yen weakens on U.S. 'fiscal cliff' deal

Source: Bloomberg
© Scanpix/AFP
European stock futures and Asian shares advanced, prolonging last year's 13% global rally, metals pushed commodities higher, while the Japanese Yen and the U.S. Dollar fell as U.S. lawmakers approved a budget bill, which prevented  spending cuts and tax hikes. Futures on the Euro Stoxx 50 Index climbed 2.5%, while the MSCI Asia Pacific Index outside Japan gained 2%, poising for the highest close since 2011.
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Wed, 02 Jan 2013 09:16:50 GMT

Oil rises on U.S. 'fiscal cliff' deal

Oil advanced in New York as the U.S. lawmakers passed a budget bill that averts spending cuts and tax increases that threatened to drag the world's biggest economy into recession. Crude for February settlement climbed $1.02 to $92.84 a barrel and was at $92.84 at 3:04 p.m. in Singapore. Brent for February delivery gained 97 cents, or 0.9%, to $112.08

Wed, 02 Jan 2013 08:43:54 GMT

Hang Seng rose to 19-month high as US lawmakers avert 'fiscal cliff'

Hong Kong's Hang Seng Index advanced as U.S. lawmakers approved the ‘fiscal cliff' bill seeking to avoid tax increases and as manufacturing sector in China expanded for a third consecutive month. The Hang Seng Index rose 2% to 23,103.97 at 1:11 p.m. in Hong Kong, exceeding 23,000 for the first time since June 2011.   

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