News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

U.S. Consumer Prices Rose 0.4% in November

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U.S. consumer prices rose in November, propelled by a rise in energy prices, while underlying inflation pressures showed signs of moderation.

Federal Reserve Expected to Raise Rates

The Federal Reserve is likely to raise short-term interest rates after its policy meeting concludes Wednesday, the fifth such increase since the Fed began raising rates from near zero two years ago.

Democrat Doug Jones Wins Alabama Senate Seat

Democrat Doug Jones scored an upset win in a deeply Republican state, capturing the U.S. Senate seat in Alabama in a special election that drove a wedge within the Republican party and gave Democrats another burst of momentum ahead of the 2018 midterm races.

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OPEC Oil Output Falls to Six-Month Low but U.S. Fills Gap

OPEC production fell to its lowest in six months but rival U.S. production was surging faster than expected, meaning oil markets may not rebalance before the end of 2018, the oil cartel said in its closely watched monthly oil report.

In Tax Plan's Fine Print, Banks Find a Problem

As the U.S. Congress attempts to hammer out a final tax plan, Wall Street is fighting to limit the scope of a provision meant to discourage companies from sending money overseas to avoid taxes.

Fed Meeting Keeps a Lid on Stocks

Stocks were locked in narrow ranges ahead of a key update from the Federal Reserve on its economic and interest rate projections.

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.

Oil Advances on Supply Disruption

Oil prices nudged higher Wednesday, with Brent underpinned by a supply disruption in the North Sea, which is expected to trigger further reductions in global oil inventories.

In Bitcoin, Commodity Traders Try to Revive Heady Days

Traders weary of modest returns in commodity markets are now rushing into the booming world of bitcoin, seeking to mint money in one of the riskiest assets.

After Bitcoin Futures, an ETF Could Be Next

The debut of bitcoin futures trading this week is rejuvenating efforts to list the first exchange-traded fund linked to the cryptocurrency.

(END) Dow Jones Newswires

December 13, 2017 09:15 ET (14:15 GMT)