World Headlines 2013-01-02

RQ Cross Box: 2013-01-02

UPDATED 7:00 EST - EQUITIES - European stocks rallied to a 19-month high as U.S. lawmakers passed a budget bill that avoided most scheduled tax increases threatening a recovery in the world’s largest economy. Asian shares and US stock index futures advanced. COMMODITIES - Gold rose to a two-week high in London, as commodities gained and the dollar weakened after U.S. lawmakers passed legislation to avert the so-called fiscal cliff of automatic spending cuts and tax increases. CURRENCIES - The Japanese Yen and US Dollar weakened against higher-yielding currencies as risk-on sentiment dominated the markets on the first day of trade for 2013. ECONOMIC DATA - US ISM Manufacturing PMI due at 10:00 EST.

World Headlines 2013-01-02

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