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World stocks drop on fiscal mess, oil up on Mideast woe

Traders work in front of a trading board on the floor of the New York Stock Exchange, October 11, 2012. REUTERS/Brendan McDermid

Traders work in front of a trading board on the floor of the New York Stock Exchange, October 11, 2012. REUTERS/Brendan McDermid

Traders work in front of a trading board on the floor of the New York Stock Exchange, October 11, 2012. REUTERS/Brendan McDermid
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A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012. REUTERS/Yuriko Nakao

A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012. REUTERS/Yuriko Nakao

A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012. REUTERS/Yuriko Nakao
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A visitor walks near the logo of the Tokyo Stock Exchange in Tokyo November 5, 2012. REUTERS/Issei Kato

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

A visitor walks near the logo of the Tokyo Stock Exchange in Tokyo November 5, 2012. REUTERS/Issei Kato
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A trader checks screen data at the IG Index trading floor in London, December 9, 2011. REUTERS/Finbarr O'Reilly

A trader checks screen data at the IG Index trading floor in London, December 9, 2011. REUTERS/Finbarr O'Reilly

A trader checks screen data at the IG Index trading floor in London, December 9, 2011. REUTERS/Finbarr O'Reilly
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A Tokyo Stock Exchange employee looks up at a monitor displaying market indices at the bourse in Tokyo November 5, 2012. REUTERS/Issei Kato

A Tokyo Stock Exchange employee looks up at a monitor displaying market indices at the bourse in Tokyo November 5, 2012. REUTERS/Issei Kato

A Tokyo Stock Exchange employee looks up at a monitor displaying market indices at the bourse in Tokyo November 5, 2012. REUTERS/Issei Kato
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A share trader sits next to a TV showing news on U.S. Republican presidental candidate Mitt Romney, in front of the German share price index DAX board at the German stock exchange in Frankfurt November 7, 2012. REUTERS/Lisi Niesner

A share trader sits next to a TV showing news on U.S. Republican presidental candidate Mitt Romney, in front of the German share price index DAX board at the German stock exchange in Frankfurt November 7, 2012. REUTERS/Lisi Niesner

A share trader sits next to a TV showing news on U.S. Republican presidental candidate Mitt Romney, in front of the German share price index DAX board at the German stock exchange in Frankfurt November 7, 2012. REUTERS/Lisi Niesner
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A city trader monitors stock prices in London.

A city trader monitors stock prices in London.

A city trader monitors stock prices in London.
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A TV showing news on re-elected U.S. President Barack Obama is pictured in front of the German share price index DAX board at the German stock exchange in Frankfurt November 7, 2012. REUTERS/Lisi Niesner

A TV showing news on re-elected U.S. President Barack Obama is pictured in front of the German share price index DAX board at the German stock exchange in Frankfurt November 7, 2012. REUTERS/Lisi Niesner

A TV showing news on re-elected U.S. President Barack Obama is pictured in front of the German share price index DAX board at the German stock exchange in Frankfurt November 7, 2012. REUTERS/Lisi Niesner
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Employees of a foreign exchange trading company looks at monitors as a television set shows U.S. President Barack Obama's election night victory rally in Tokyo November 7, 2012. REUTERS/Toru Hanai

Employees of a foreign exchange trading company looks at monitors as a television set shows U.S. President Barack Obama's election night victory rally in Tokyo November 7, 2012. REUTERS/Toru Hanai

Employees of a foreign exchange trading company looks at monitors as a television set shows U.S. President Barack Obama's election night victory rally in Tokyo November 7, 2012. REUTERS/Toru Hanai
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