A deal was finally struck within just hours of the deadline for a U.S. budget meltdown. Unfortunately it represents a short-term fix and the problem, as described by the media ad nauseum of "kicking the can down the road" applies.
There are growing signs that the Eurozone might be shifting away from its program of austerity. If that does prove to be the case, it is likely to be very supportive for risk currencies generally and risk assets such as commodities and equities.
In a year dominated by crises — both natural and political — squeezing our annual list of largest influencers down to 20 was difficult. One thing this year highlighted was that money and power trump all as we learned that — at least in the banking world — there are some that are too-big-to-prosecute.