“European stocks rose to an 18-month high on optimism U.S. lawmakers will reach a budget deal. Italian bonds retreated for a second day after support dwindled for Prime Minister Mario Monti’s government.”
“Japanese stocks rose, with the Nikkei 225 Stock Average reaching a seven-month high, on optimism U.S. lawmakers will reach a budget compromise to avoid the so-called fiscal cliff. Toyota Motor Corp. rose after U.S. services and factory data beat estimates.”
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