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Asian and European shares are mostly higher following positive noises from Barack Obama and...

Asian and European shares are mostly higher following positive noises from Barack Obama and others about the chances of averting the fiscal cliff. Japan +1.4%, Hong Kong +0.5%, China +0.1%, India flat. Euro Stoxx 50 +1.1%, London +0.8%. Paris +1.2%, Frankfurt +1.2%, Milan +1.1%, Madrid +0.7%. Oil +1.4% as the fighting between Israel and Hamas in Gaza continues into day six.
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