On Thursday, the UK house prices were a bit changed in December, further the trend evident throughout 2012, according to the Nationwide.
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On Thursday, the Europe's financial markets look unable to sustain the momentum from Wednesday, when the global prices surged in the wake of the U.S. deal to avoid the huge automatic reductions in the budget deficit, which dubbed the "fiscal cliff". Amid of talk that the U.S. politicians have only taken leaf out of the European book, and kicked the fiscal could down the road, the prices of those assets seen as a risky, such as the equities, look set to opena bit changed. There has been small reaction to news that the China's non-manufacturing purchasing managers' index climbed to 56.1 in December from 55.6 in November, a rise that may have been expected to add to bullish sentiment.
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On Wednesday, a compromise deal to avoid the jitter "fiscal cliff." The S&P/TSX Composite Index gained 107.24 points, or 0.86%, to finish at 12,540.77, while the S&P/TSX Venture Composite Index rose by 18.54 points, or 1.52% , to 1,239.84.
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On Wednesday, the DOW finished with a 300 point bump. One local financial advisor said that the positive reaction to avoiding the fiscal cliff is boosting but won't have a big impact on the long-term investors.
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