Most of the world markets have moved up in the past few months. Some of major economies have even broke their important resistance levels and their yearly highs. Most of them are nearly or at the highs of this year at the ending of this fiscal year.

This movement in the global markets is clearly indicating that there is some sort of revival and the economy is turning around and stabilizing in some parts of the globe.

The data from China, Japan’s election news, Euro zone debt worries slowing down, and the fiscal deal approved in United States, all are having impact on these global markets and are pushing them higher. This fiscal deal is one of the important deals in whole of this year. It emphasizes on the improvement of revenue of the United Sates government.

Harry Reid, Majority leader and a Democrat, said, “If we do nothing, the threat of a recession is very real. Passing this agreement does not mean negotiations halt, far from it. We can all agree there is more work to be done. It took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort.”

So, many analysts feel that this deal going through will help the United States and the world markets to rise and rally hard. The same thing happened with the Australian stock exchange.

The ASX rallied hard in the past year and closed at its highs and above a crucial and important resistance level of 4600. Similarly, most of the world markets are hitting their yearly highs and are trading at some good levels. The Nikkei, Japan’s benchmark index is also trading at a one year high and has rallied over more than 10 percent in the past 3 months.

John McCain, the main rival of the president’s deal and the Republican senator, said, “Keep in mind that just last month Republicans in Congress said they would never agree to raise tax rates on the wealthiest Americans. Obviously, the agreement that\’s currently being discussed would raise those rates and raise them permanently. That\’s not the way presidents should lead.”

So, there are some minor issues prevailing in the United States economy at present but that would slowly come down and the markets will rejoice the new data which will be coming out of these major economies.

Some analysts feel that the market has rallied hard and the markets will have to pause for a bit. But, may be that’s not the case with these equity markets. No world market is in the mood to come down and consolidate for some time.

Markets will start moving in the first half of the next fiscal year and earnings will also support the markets to move higher. About the deal, a senior House Republican source said, “We don\’t have anything to vote on. There was no chance they pass something early enough that we could (vote) before midnight, even if we wanted to. If a deal is reached, there\’s little difference between a vote tonight or tomorrow to give members a chance to review.”

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Category: Finances
Keywords: Dow Jones, Fiscal cliff, Gold, Brent Oil