International Economic & Market Overview

US stocks continued to climb the proverbial "wall of worry" as mandatory budget cuts through sequestration were viewed as potentially less damaging to the economy than the 'fiscal cliff' showdown just two months earlier. The S&P500 index ended up 1.1% for the month and at the time of writing the Dow Jones Industrial Average is hitting a new all-time record high. Japan's Nikkei 225 index continued to surge, gaining 3.8% on the back of a weakening Yen. 


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