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Most European shares are lower amidst depressed volumes in what's set to be a shortened trading...

Most European shares are lower amidst depressed volumes in what's set to be a shortened trading day in many of the markets that are open - a large chunk are closed - dragged down by the lack of a deal to avert the U.S. fiscal cliff. However, the absence of panic reflects the dream that Washington will forge a deal early in the New Year. London -0.5%, Paris +0.3%, Frankfurt closed, Milan closed, Madrid -0.7%.
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