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Thursday, October 17, 2013

Global shares fall as debt-cap rally fades.

Global equities were mostly lower at the time of writing after Congress approved a deal to finance the U.S. government until January 15 and raise the debt limit so that the country can continue to increase its borrowing until February 7. Markets rose yesterday in anticipation of the agreement, but the short-term nature of the agreement has markets wary of another standoff in a few months.

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