News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Small Investors Face Steeper Tax Bill Under Senate Proposal

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A little-discussed provision in the Senate tax bill may lead to a higher tax bill for millions of small investors and could cause many to unload stocks before year-end to avoid those costs.

Stock Markets Firm, While Bitcoin Futures Make Debut

Stock markets were broadly unchanged Monday in the run-up to three major central bank meetings this week, while bitcoin futures jumped when they began trading on a major U.S. exchange.

Explosion Reported at New York's Port Authority

Police are responding to reports of an explosion near Times Square in Manhattan. One man is in custody.

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Senate Tax Plan Could Also Hit Digital Wealth Advisers

The Senate's proposed tax change could also hurt digital wealth advisers who rely on algorithms to make investment decisions for investors.

Oil Prices Steady Amid Signs of Rising U.S. Output

Oil prices were mixed with the global benchmark up and the U.S. benchmark lower, after drilling activity increased for a third consecutive week.

Emerging Markets Barrel Ahead Despite Tightening Fed

Emerging markets, long vulnerable to the whims of central banks in the developed world, now seem to be more Fed-proof than ever, as they are enjoying what some analysts call a "Goldilocks" moment.

China November Fiscal Spending Declines

China's fiscal spending declined 9.1% in November from a year ago, widening from October's 8% drop, as the government had frontloaded much of its expenditure earlier this year, the Ministry of Finance said on Monday.

Global Economy Week Ahead: U.K. Inflation; Fed, ECB and Bank of Mexico Rate Decisions

This week, central banks around the world will make their final monetary policy decisions of 2017, while a round of economic readings could help shape their outlooks going into 2018.

Theresa May's Brexit Triumph May Prove Short-Lived

The British prime minister struck a landmark deal to conclude the first phase of Brexit talks, but the question of how to avoid a hard Irish border may need to be further clarified before an agreement with the EU on a full divorce deal.

(END) Dow Jones Newswires

December 11, 2017 09:15 ET (14:15 GMT)