News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

European Shares Down as ECB Leaves Rates Untouched

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European stock markets edged lower as the European Central Bank left interest rates unchanged, while investors around the world digested statements by other major central banks.

U.S. Retail Sales Rose in November

Spending at stores, online-shopping websites and restaurants rose 0.8% in November from the prior month, the Commerce Department said Thursday.

The Fed Isn't the Tax Cut's Enemy

Comments by Federal Reserve officials suggest they aren't standing in the way of any boost that the Republicans' $1.4 trillion tax cut delivers.

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U.S. Jobless Claims Fell Last Week

The number of Americans filing new applications for unemployment benefits fell last week, a sign the tight labor market is making firms reluctant to dismiss workers.

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.

Oil Steady After IEA Raises U.S. Output Forecast

Oil prices were steady, hovering below multiyear highs, after the International Energy Agency said U.S. supply will grow faster than previously forecast.

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.

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.

Asia Banks Won't Waltz With the Fed on Rates Moves

Most central banks in Asia aren't expected to match the pace of the Federal Reserve's projection of three rate increases in 2018.

(END) Dow Jones Newswires

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