Euphoria surrounding President Barack Obama's re-election fizzled out yesterday as investors' focus switched to the approaching "fiscal cliff" in the US.
Euphoria surrounding President Barack Obama's re-election fizzled out yesterday as investors' focus switched to the approaching \"fiscal cliff\" in the US.
Custom byline text:
The FTSE-100 index lost earlier gains to stand 93.3 points lower at 5791.6 as uncertainty settled in over how the President can avoid the so-called cliff –automatic tax increases and spending cuts that will likely tip the US back into recession.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.