News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Global Stock Markets Continue Rebound

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Asia-Pacific equities were broadly higher, with fresh early weakness in China and Korea reversing.

Japan's Economy Boosted by Surge in Capital Spending

Japan's economy grew at a much faster pace than initially estimated in July-September, as firms' capital spending surged amid growing optimism about the upturn in the global economy.

China's Exports Grew at Faster Pace in November

China's exports grew for a ninth straight month in November and at a faster pace, as external demand for goods remained solid, while its imports demand remained in double digits.

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Fed Plans to Disclose More About Big-Bank Stress Tests

The Federal Reserve proposed disclosing more about its big-bank stress tests, in response to criticism from bankers who have said the exams' results are hard to understand.

Congress Passes Two-Week Spending Bill to Avoid Shutdown

The House and Senate passed a two-week stopgap spending bill, deferring until later in the month a bigger fight over what issues should be resolved before Congress adjourns for the year.

U.K., European Union Move Closer on Divorce Terms

The U.K. government and the European Union appeared close to a breakthrough on Brexit divorce terms on Thursday night, with EU officials saying British Prime Minister Theresa May could come to Brussels as early as Friday morning.

German Social Democrats Agree to Talks With Embattled Merkel

Germany moved a small step closer to a potential solution to its political crisis after the largest opposition party said it would enter talks with Chancellor Angela Merkel's conservatives over forging a new government.

Wall Street Banks Hit Pause Button on Bitcoin

As investors rush into bitcoin, some big Wall Street banks are hitting the brakes ahead of the launch of the first bitcoin futures market, which is set to go live on Sunday.

U.S. Consumer Credit Increased by $20.52 Billion in October

Outstanding consumer credit rose by $20.52 billion in October from the prior month, climbing at a 6.51% seasonally adjusted annual rate, the Federal Reserve reported.

Fed Report Says Total Household Net Worth Rise

The total net worth of U.S. households climbed further into record territory in the third quarter of 2017, reaching $96.939 trillion as stock markets and property prices boosted Americans' wealth.

(END) Dow Jones Newswires

December 07, 2017 23:15 ET (04:15 GMT)