Spreadex Market Update
Congress fails to agree legislation
A decade-long streak of reduced taxes on wages, capital gains, dividends and other income will officially end tomorrow if Congress doesn’t act.
Britain's top shares fell on Monday, the final trading session of 2012, led lower by banking stocks as faltering U.S. budget talks knocked investor sentiment.
The UK benchmark has climbed 6.3 percent this year, helped by gains in banking shares, but has lagged European peers as heavyweight mining shares struggled in the first half of the year.
Miners lost around 30 percent peak-to-trough this year, but have recovered about 20 percent since June.
According to Angela Merkel the Euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit.
In a taped interview to be broadcast on Monday evening, Merkel urged Germans to be more patient even though the euro zone crisis has already dragged on for three years. She drew a line linking German prosperity to a prosperous European Union.
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