Australian Stock Market Report – Midday12/17/2012
Local stocks have started the trading week in the red, despite reports the US House of Representatives could be one step closer to averting the Fiscal Cliff.
US House of Representatives Speaker John Boehner has reportedly opened the door for talks on tax hikes for wealthy Americans, removing a major stumbling block in Fiscal Cliff talks. The reports have sent the Dow Jones Futures Index up 88pts, suggesting a 0.7pct gain when US markets open tonight.
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