U.S. tax deal lifts global stocks (Reuters)

Financier Bernard Madoff passes the gathered press as he arrives at Manhattan Federal court in 2009 in New York City. The family of an old friend of Wall Street fraudster Madoff will pay 625 million dollars to settle allegations of involvement in the massive Ponzi scheme, officials announced Tuesday.(AFP/Getty Images/File/Chris Hondros)Reuters – Global equities advanced on Tuesday after a compromise deal to extend expiring U.S. tax cuts, though the euro zone’s debt crisis and speculation over a possible interest rate rise in China kept them in check. The euro rose on optimism that Irish lawmakers will pass its toughest ever budget later in the day. The single currency remained vulnerable, however, with European policymakers dithering over how to tackle the region’s debt problem.

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