London's FTSE-100 Index lost early session gains to stand 28.9 points lower at 5925.4, as investors fretted that President Barack Obama would be unable to secure a deal to avoid a package of automatic spending cuts and tax increases.
Fears that time has run out for US politicians to hammer out a deal to avoid a so-called fiscal cliff sent world markets into the red once more yesterday.
London's FTSE-100 Index lost early session gains to stand 28.9 points lower at 5925.4, as investors fretted that President Barack Obama would be unable to secure a deal to avoid a package of automatic spending cuts and tax increases.
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