The FTSE 100 index has broken the 6,000 mark for the first time in 18 months, as the US "fiscal cliff" deal of spending cuts and tax hikes, boosted confidence in the markets.
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.