Reuters

Global stocks drop, dollar up as "cliff" deadline looms

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An employee of a foreign exchange trading company looks at monitors as a television set shows Japan's incoming Prime Minister and the leader of Liberal Democratic Party (LDP) Shinzo Abe speaking in Tokyo December 26, 2012. The yen fell to a 20-month low against the dollar on Wednesday, buoying the benchmark Nikkei stock average, as Japan ushers in a new prime minister eager to pursue drastic stimulus steps to drive the country's...

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A visitor walks near the logo of the Tokyo Stock Exchange in Tokyo November 5, 2012. REUTERS/Issei Kato

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Traders work on the floor of the New York Stock Exchange, December 14, 2012. REUTERS/Brendan McDermid

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Traders are pictured at their desk in front of the DAX board at the Frankfurt stock exchange December 13, 2012. REUTERS/Remote/Pawel Kopczynski

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