News Highlights: Top Global Markets News of the Day

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Europe's Central Banks Still Cautious on Recovery

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Central banks in Europe are expected to show continued caution about the region's economic recovery, signaling that they are in no rush to follow the Federal Reserve in steadily raising interest rates.

World Oil Supply Hits Year High, Boosted by U.S. Shale Surge

Shale producers are roaring back to life, pushing the global oil supply to its highest level in a year and undermining OPEC's efforts to rebalance the market, the International Energy Agency said.

China Still Fears the Fed

Markets had largely stopped worrying about capital outflows from China. The People's Bank of China's rate increase shows that may be a mistake.

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China's Central Bank Raises Market Rates Hours After Fed Move

The People's Bank of China followed a U.S. interest-rate increase with one of its own to blunt the effect of the Federal Reserve move on the Chinese economy.

Five Questions for the European Central Bank's Policy Meeting

Investors will be looking for clues on when the ECB might phase out its bond-buying program and follow the Federal Reserve on the path toward higher interest rates.

European Shares Edge Down Ahead of ECB Decision

European stock markets edged lower ahead of the European Central Bank's policy decision later in the day, as bourses around the world digested statements by other major central banks.

Initial Coin Offerings Surge Past $4 Billion-and Regulators Are Worried

Money raised from initial coin offerings has surged past $4 billion for the first time, even as regulators world-wide have escalated warnings about the new form of corporate funding.

Fed Raises Rates, Sticks to Forecast for 2018 Increases

The Federal Reserve said it would raise short-term interest rates for the third time this year and remained on track to chart a similar path next year, signaling continuity as the central bank enters a leadership reshuffle.

Philippines Central Bank Keeps Rates on Hold

The Philippine central bank kept its main policy rates unchanged Thursday, sticking to its view that inflation remains manageable while it maintains support for an economy that is one of the fastest-growing in Asia.

Fed's Brainard: Many Discouraged Workers Have Come Off Sidelines

Federal Reserve governor Lael Brainard said today's strong job market has drawn many discouraged workers back into the labor force.

(END) Dow Jones Newswires

December 14, 2017 05:15 ET (10:15 GMT)