Stocks Fall in Asia and the U.S.

Asian stocks slid the most in six weeks and the yen advanced as President Barack Obama’s re-election set up a showdown to avert the so-called fiscal cliff. New Zealand’s dollar declined after the nation’s unemployment rate unexpectedly surged.

Emirates NBD's Fox Expects to See U.S. Stimulus by Taxes
01:05 - Emirates NBD Bank Chief Economist Tim Fox weighs in on President Donald Trump's first 100 days in office and discusses his outlook for the U.S. economy. Fox speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)
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