News Headline Summary

Republican US Senator Kyl says a lot of progress on fiscal cliff; discussion ongoing

- Kyl declines to detail Fiscal Cliff talks, not sure talks will produce a bill by midnight deadline.

Reaction details:

- US equity markets sit flat on the day and the e-mini S&P trades up 1.0% following the Wall St open, with very light volumes.

Print 14:44, 31 Dec 2012 - Economic commentary - Source: Newswires