European Markets Cling to the Flat Line Over Fiscal Cliff Negotiations

“Most European stocks fell amid concern U.S. lawmakers won’t reach a budget deal in time to prevent automatic tax increases and spending cuts from coming into effect tomorrow. U.S. index futures signaled a lower opening for equities and Asian shares were little changed.

Iberdrola SA (IBE), Spain’s largest utility, slid 1.5 percent after Bolivia nationalized four of its business units. Bankia SA (BKIA) rallied 5 percent, rebounding from its record low…”

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