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Market preview: European and U.S. equities are having an up day so far ahead of the FOMC's...

Market preview: European and U.S. equities are having an up day so far ahead of the FOMC's meeting today and tomorrow, when it may ramp up the money printing machines. The S&P benchmark is +0.3%. Optimism over the latest dispatches from the fiscal cliff saga is helping the mood. Later: Wholesale Trade
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