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Article updated: 1/3/2013 6:51 AM

Fiscal cliff market relief fades in Europe

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A trader works on the floor Monday at the New York Stock Exchange in New York. Asian stocks rose Thursday, a day after the U.S. reached a deal to stave off the so-called fiscal cliff, but enthusiasm waned by the time European markets opened.

Associated Press

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Enthusiasm waned Thursday in Europe over U.S. legislators' deal to stave off the so-called fiscal cliff, a series of automatic tax increases and spending cuts that could have hurt the world's largest economy. Major indexes in France, Germany and Britain fell modestly as investors considered that U.S. politicians now have only two months to negotiate those cuts.
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