News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stocks Seek Direction Ahead of Fed Decision

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Asian stocks struggled for direction Wednesday, after continued weakness in tech stocks weighed on the Nasdaq overnight even as the Dow Jones Industrial Average and the S&P 500 rose to new records.

Sluggish Inflation Could Slow Fed's Plans for Raising Rates Next Year

Inflation is the wild card that could change the number of interest-rate increases Federal Reserve officials pencil in for 2018.

As the Fed Deliberates, Amazon Is Making Its Job More Difficult

Web-driven comparison shoppers are keeping a lid on inflation and weakening retailers' pricing power, complicating the Federal Reserve's deliberations on how much and how fast to raise interest rates.

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Economists See Three Fed Rate Rises Next Year, Lower Unemployment

Private economists expect the Federal Reserve to raise interest rates after its meeting Wednesday and then lift them three times in 2018 and twice in 2019, amid a strengthening economy and a falling unemployment rate.

A Faster Pace of Fed Rate Increases Could Rattle Markets

Investors have greeted the Federal Reserve's string of interest rate increases with some of the most docile market conditions in years, a sign that they could be in for a shock if the central bank decides to ramp up the pace of rate rises next year.

EU and Japan Join U.S. in Criticizing China at WTO Summit

The U.S., the European Union and Japan agreed on Tuesday to increase pressure on countries like China that subsidize domestic companies and require foreign firms to transfer technology to local counterparts.

U.S. Criticizes Germany's Support of New Russian Natural-Gas Line

The top State Department official overseeing Europe offered harsh words for Germany over the country's continued support for a new Russian gas pipeline to Europe.

Investors Pledge Cuts to Fossil-Fuel Commitments at Paris Meeting

Global institutions pledged to cut financing of fossil-fuel projects at a summit in Paris, backing French President Emmanuel Macron's call for the private sector to do more to combat greenhouse-gas emissions.

RBA Warns Bitcoin A Speculative Mania

Australia's central bank has warned volatility around bitcoin amounts to "speculative mania," adding it was likely to be a vehicle supporting illegal activity.

GOP Bridging Divide in House, Senate Tax Plans

Republicans reconciling House and Senate tax bills say they are narrowing their differences, putting a $1.4 trillion tax cut on track to be unveiled by Friday and passed by both chambers next week.

(END) Dow Jones Newswires

December 12, 2017 23:15 ET (04:15 GMT)