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World stocks stall as US budget talks sour

S.China Morning Post
Thursday, 20 December 2012

BANGKOK (AP) — World stock markets faced resistance Thursday after talks turned sour among U.S. political leaders trying to reach an agreement over how to avert an economically disastrous "fiscal cliff" before the end of the year. A downturn in U.S. housing starts also hurt sentiment.

Negotiations between President Barack Obama and Republicans in Congress descended into acrimony Wednesday after the White House threatened to veto House Speaker John Boehner's alternative tax plan as the Jan. 1 deadline to avoid sweeping tax increases and government spending cuts draws closer.
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Source: IBTimes.com - on December 10, 2012

News video: U.S. Stocks Advance, But 'Fiscal Cliff' and Italian Politics Weigh on Markets

U.S. Stocks Advance, But 'Fiscal Cliff' and Italian Politics Weigh on Markets

Wall Street was mostly higher on Monday, led by gains in McDonald's and technology shares, but Italian equities and bonds sank after Prime Minister Mario Monti's decision to resign added concern about who will lead the euro zone's third biggest economy out of its debt crisis. Investors remained...

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