News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Oil Prices Waver on Pipeline Shutdown

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Global oil prices wavered between gains and losses Tuesday as traders weighed the impacts of the shutdown of a key European pipeline.

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.

U.S. Stocks Buoyed by Gains in Telecom

Gains among telecommunications companies pushed the Dow Jones Industrial Average and S&P 500 higher Tuesday.

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EU Prepares to Discuss a Long-Delayed Trade Deal With Britain

Following a Brexit divorce accord, European leaders may finally authorize negotiations at a summit this week on the outlines of a future trade deal with Britain.

U.S. Producer Prices Rose Robustly in November

A gauge of U.S. business prices rose in November, pointing to emerging inflation pressure in the economy.

The Reason Behind $65 Oil Prices Is Disrupted Supply

A wave of oil-supply disruptions and OPEC's production cuts have lifted crude prices to their highest level in 30 months, and raised the prospects of petroleum producers from Saudi Arabia to Texas shale country.

New York Bombing Suspect Charged With Terror Crimes

The man accused of detonating a homemade pipe bomb strapped to his body in one of New York City's busiest transit hubs was charged with making a terrorist threat and supporting an act of terrorism.

Mexican Industrial Production Fell in October

Mexican industry performed worse than expected in October, with production falling from the previous month as weakness in manufacturing and construction offset a recovery in oil and gas output.

Pakistan Currency Slides in Effective Devaluation

Pakistan's rupee slumped to a near four-year low against the U.S. dollar, the latest move downward in an effective devaluation of the currency that had been kept steady against the greenback for much of the past two years.

Economists Give High Marks to Yellen

Federal Reserve Chairwoman Janet Yellen is getting a positive report card from economists as she prepares to leave office after four years leading the U.S. central bank.

(END) Dow Jones Newswires

December 12, 2017 11:15 ET (16:15 GMT)