News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Asian Stock Markets Extend Declines

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Stock markets in Asia continued to weaken on Friday after modest declines in the U.S. and Europe overnight, but South Korea's stock benchmark rebounded after Thursday's drop.

Japan's Big Manufacturers Optimism at 11-Year High

Business confidence among Japan's large manufacturers reached an 11-year high in the October-December quarter on solid earnings, strengthening global growth and a domestic economy that has expanded for seven straight quarters, a central bank survey showed Friday.

China's Central Bank Expands Commercial Bank Lending

China's central bank is expanding its supply of funds to domestic lenders facing shortages of liquidity for their clearing businesses.

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RBA's Harper Says 5% Likely Not Tipping Point for Wage Growth

A 5% jobless rate in Australia, long seen as a tipping point for lighting a fire under wages by the central bank, is likely too high to have that effect now, says Ian Harper, a member of the rate-setting board at the RBA.

You Can Thank Mr. Watanabe for Bitcoin's Explosive Rally

Japanese traders who historically engaged in trading real currencies have turned their sights to cryptocurrencies such as bitcoin, driving prices higher, Deutsche Bank says.

All Regional Fed Banks on Board With Wednesday's Discount-Rate Increase

All 12 of the Federal Reserve's regional reserve banks have requested to raise the discount rate to 2%.

Regulators See Cybersecurity as Top Financial Industry Risk

Cybersecurity remains the top risk to financial sector stability, U.S. policy makers said Thursday in the first Financial Stability Oversight Council risk report under the Trump administration.

Bank of Canada Head Likens Bitcoin Mania to 'Gambling'

Bank of Canada Gov. Stephen Poloz said Thursday that bitcoin's ascent has all "the ingredients of something that could be a significant disturbance" to the financial system.

Behind Discount Brokers' Boom: Advisers, Not Day Traders

Charles Schwab and TD Ameritrade rake in client assets, catering to wealth managers and reinvigorating their businesses.

Latest Tax Reform Stumble Hits Stocks

Major stock indexes added to losses Thursday after Sen. Marco Rubio said he would oppose a Republican tax bill unless it includes a credit for the working poor that he had championed.

(END) Dow Jones Newswires

December 15, 2017 01:15 ET (06:15 GMT)