Europe

European shares lap up US fiscal deal

Markets across continent enjoy broad-based rally after fiscal deal passed by US Congress.
Last Modified: 02 Jan 2013 18:37

European markets have breathed a collective sigh of relief following the fiscal deal passed by the US Congress.

Shares saw a broad-based rally on Wednesday, kicking off the New Year with strong gains.

But traders there are warning that the good news created by the deal may not last long.

Al Jazeera's Nadim Baba reports.

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Al Jazeera
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