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Premarket: As fiscal cliff looms, little celebration for Greek debt deal Add to ...

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North American markets appear set for a flat open, despite some positive news out of Europe that euro-area finance ministers agreed to a Greek aid deal.

Some U.S. economic reports this morning, including a stronger-than-expected reading on durable goods, did little to sway market sentiment.

The finance ministers and the International Monetary Fund agreed late Monday that Greek public debt should fall to 124 per cent of GDP in 2020 through a package of extra debt-cutting measures totalling 20 per cent of GDP. Euro member states are now expected to disburse €43.7 billion ($56.8-billion (U.S.) of aid to Greece in several tranches.

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