While you were sleeping Optimism lifts global shares

Mon, 19 Nov 2012

By Margreet Dietz Nov 20 (BusinessDesk) - Equities on Wall Street and in Europe advanced as the string of good news on the US housing market continued, while optimism grew that a deal to avoid the so-called fiscal cliff and safeguard the world's largest economy will be reached. Investors welcomed separate reports showing a surprise gain in US home resales in October and a climb in homebuilder sentiment in November. "The housing market is continuing to improve. It's probably improving more than most economists were projecting earlier this yea...

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