President Barack Obama, with Vice-President Joe Biden at his side
Media playback is unsupported on your device

Global markets up after US fiscal cliff deal

Global stock markets have rallied after a short-term deal to stave off the US "fiscal cliff" was reached.

In New York, the Dow Jones closed up 2.4%, while European shares were up about 2% for the day.

Mark Mardell reports from Washington

  • 02 Jan 2013
Go to next video: Obama: 'More work needed' after bill