European stocks see-saw on US 'fiscal cliff' threat | Bangkok Post: news

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European stocks see-saw on US 'fiscal cliff' threat

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Europe's stock markets advanced on Wednesday after a late bout of optimism that politicians would act to avoid the looming "fiscal cliff" of automatic tax rises and spending cuts which threatens to send the United States back into recession. 

Brokers monitor screens at the Frankfurt Stock Exchange. Europe's stock markets closed flat on Wednesday amid renewed concern about the looming "fiscal cliff" of automatic tax rises and spending cuts which threatens to send the United States back into recession, dealers said.

After having spent most of the day in negative territory, optimistic comments by US politicians helped London's FTSE 100 index of leading companies close with a 0.06 percent gain at 5,803.28 points.

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