Optimism over U.S. budget deal shores up markets
Excerpt:LONDON Indications that U.S. politicians are inching toward a budget deal that will avoid the imposition of potentially damaging tax increases and spending cuts gave markets a boost Tuesday. Investors are hopeful that progress is being made between the White House and Congress on a budget deal before a year-end deadline. If a deal is not found, then there will be automatic changes to taxes and spending that could in time push the U.S. economy, the world's largest, back into recession. Following a weekend retreat by John Boehner, the Republican Speaker of the House of Representatives, over tax increases, President Barack Obama on Monday dropped his long-held insistence that taxes rise on individuals earning more than $200,000 and families making more than $250,000. He is now offering a new threshold of $400,000 and lowering his 10-year tax revenue goals from the $1.
People:
Barack Obama
Overall Sentiment: 0.0187064
Relevance: 0.794742
John Boehner
Overall Sentiment: -0.344621
Relevance: 0.559
Neil MacKinnon
Overall Sentiment: 0.0906822
Relevance: 0.544488
Sentiment | Quote |
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0 | "On the basis that a deal, even partial, can be reached, then risk appetite on the part of investors is likely to continue to improve with equity markets enjoying a rally into the end of the year," said Neil MacKinnon, ... |
Sentiment Stats: |
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Craig Erlam
Overall Sentiment: 0.202008
Relevance: 0.518606
Sentiment | Quote |
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0.0411276 | "There is a danger though that both parties will now revert back to their previous tactics of negotiating hard and utilizing the media to gather support," said Craig Erlam, ... |
-0.0334277 | "There is a danger though that both parties will now revert back to their previous tactics of negotiating hard and utilizing the media to gather support," said Craig Erlam, market analyst at Alpari. "This would not benefit either side at this point and would only put the U.S. at risk of another embarrassing downgrade, as we saw last year following debt ceiling negotiations." |
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Shinzo Abe
Overall Sentiment: 0.135114
Relevance: 0.468637
Hang Seng
Overall Sentiment: 0
Relevance: 0.462789
Key:
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Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Organization: Liberal Democratic Party
Overall Sentiment: 0.133907
Relevance: 0.564051
Organization: Congress
Overall Sentiment: 0.0207353
Relevance: 0.509703
Organization: Communist Party
Overall Sentiment: 0.922103
Relevance: 0.509222
Organization: House of Representatives
Overall Sentiment: -0.178882
Relevance: 0.500993
Company: DAX
Overall Sentiment: 0
Relevance: 0.476549
Company: VTB Capital
Overall Sentiment: 0.107274
Relevance: 0.454898
FinancialMarketIndex: FTSE 100 index
Overall Sentiment: 0
Relevance: 0.535405
FinancialMarketIndex: Dow
Overall Sentiment: 0.142659
Relevance: 0.461832
FinancialMarketIndex: S&P 500
Overall Sentiment: 0.110503
Relevance: 0.460452
FinancialMarketIndex: Nikkei
Overall Sentiment: 0
Relevance: 0.447903
Country: U.S.
Overall Sentiment: -0.230261
Relevance: 0.797467
Country: Japan
Overall Sentiment: 0.282637
Relevance: 0.746878
Country: China
Overall Sentiment: 0.466901
Relevance: 0.632179
Country: France
Overall Sentiment: 0.310202
Relevance: 0.49018
Country: Germany
Overall Sentiment: 0
Relevance: 0.453216
Facility: White House
Overall Sentiment: 0.334541
Relevance: 0.58549
StateOrCounty: New York
Overall Sentiment: 0.140863
Relevance: 0.507919
City: LONDON
Overall Sentiment: 0.0249682
Relevance: 0.504483
City: Hong Kong
Overall Sentiment: 0
Relevance: 0.471679
City: Tokyo
Overall Sentiment: 0
Relevance: 0.429348
Continent: Asia
Overall Sentiment: 0
Relevance: 0.475682
Continent: Europe
Overall Sentiment: 0
Relevance: 0.471201
Webpage Provided Title:
Site Provided Keywords:
- budget
- budget talks
- fiscal cliff
- global stocks
- stock market
- stock prices
- world stocks
Site Provided Desc:
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