19 Dec '12, 1am

Shares, euro up on hopes of U.S. "cliff" deal, BOJ easing: SINGAPORE (Reuters) - Asian shares rose and the euro

Shares, euro up on hopes of U.S. "cliff" deal, BOJ easing: SINGAPORE (Reuters) - Asian shares rose and the euro

By Alex Richardson SINGAPORE | Tue Dec 18, 2012 10:27pm EST SINGAPORE (Reuters) - Asian shares rose and the euro hit multi-month highs on Wednesday as signs of progress in resolving the U.S. "fiscal cliff" budget crisis and expectations of more aggressive monetary stimulus from the Bank of Japan lifted riskier assets. The gains in Asia came after Wall Street's S&P 500 .SPX rose more than 1 percent, completing its best two-day run in a month, on growing confidence a deal can be reached in Washington to avoid a raft of painful spending cuts and tax rises due to take effect from January if there is no budget agreement. .N "What is important, and what is driving the market higher, is that the two parties are now in constructive discussions over specific tax levels and spending programs, and working towards a common middle ground," said Cameron Peacock, a strategist at IG Marke...

Full article: http://www.reuters.com/article/2012/12/19/us-markets-glob...

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Shares, euro up on hopes of U.S. "cliff" deal, BOJ easing: SINGAPORE (Reuters) - Asian shares rose and the euro

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