Markets rise after German and US economic data improves, while the US Senate’s 2012 tax deal is voted down in the House of Representatives.
Asian stockmarkets and the euro rise after reassuring economic data from Germany and the US, while yields on Spanish government debt continue to fall, according to Reuters.
Japanese insurer Tokio Marine Holdings agrees to buy US insurer Delphi Financial Group in a deal worth $2.7 billion (£1.7 billion), Bloomberg reports. This is the group’s second US acquisition in three years.
UK chocolate company Thorntons warns that it does not expect to make a profit in the year to June 30 2012, saying weak consumer confidence and high marketing spending mean it will break even, according to the BBC.
Republicans in the US House of Representatives reject the Senate’s 2012 tax deal, according to the Financial Times, taking the country towards further fiscal brinkmanship.
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