U. S. fiscal cliff deal prompts broad rally
LONDON (Reuters) – European shares, oil and gold rose strongly on Wednesday after U. S. politicians struck a long-awaited deal to avoid a fiscal crisis, while safe-haven dollar and German government bonds fell. Lawmakers approved a plan to prevent huge tax increases and delay spending cuts that together would have pushed the world’s largest economy off the "fiscal cliff" and into a likely recession. European markets followed their Asian counterparts and rallied on the news, while futures markets pointed to Wall Street doing the same. . . .
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