Markets Are Going Nowhere In Europe

waiting, reading, drinking, relax, wait, relaxed, Michael Andrews Bespoke, Studio, Tailor, Custom, Custom Suits, MAB, NYC, Business Insider, dng

It’s quiet early in the European trading session.England’s FTSE 100 is flat.

France’s CAC 40 is up 0.2%.

Germany’s DAX is up 0.2%.

Spain’s IBEX 35 is up 0.1%.

Italy’s FTSE MIB is flat.

The fiscal cliff continues to dominate headlines.  Yesterday afternoon, the White House presented its opening bid, seeking $1.6 trillion in tax hikes in exchange for $400 billion in Medicare and other cuts.

Treasury Secretary Tim Geithner also proposed eliminating the debt ceiling.

Not surprisingly, Republican leaders aren’t into any of this.

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