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.