Fiscal cliff hopes give markets a lift ahead of monthly European Central Bank rate decision

  • by: PAN PYLAS , Associated Press
  • Updated: December 6, 2012 - 4:47 AM

LONDON - Rising hopes that U.S. politicians are close to agreeing on a crucial budget deal that could keep the world's largest economy from sinking back into recession shored up markets Thursday, ahead of a policy meeting of the European Central Bank.

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