News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

EU Leaders Agree to Advance Brexit Talks

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European leaders agreed to advance Brexit negotiations but called on U.K. Prime Minister Theresa May to tell them quickly what her government wants from a future trade agreement for serious talks to start in March.

Stocks in Europe, Asia Follow Wall Street Lower on Tax Uncertainty

Stocks in Europe and Asia fell after growing uncertainty around a potential tax overhaul dulled investors' enthusiasm in the U.S.

Several GOP Senators Press for Late Changes in Tax Bill

Several Republican senators, including Marco Rubio, expressed last-minute doubts about the tax plan in Congress, possibly an attempt to strengthen their negotiating positions before final votes planned for next week.

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Bank Stocks Can Fight the Fed, for Now

At some point, higher interest rates may become a negative for banks, but not for a while. Despite the flattening of the yield curve, banks' net interest margins have been rising, and their stocks have fared well.

Oil Edges Up Amid Pipeline Outage

Oil prices firmed, supported by a pipeline outage in the North Sea and ongoing cuts by major producers, but higher forecasts for U.S. output in 2018 from major energy groups this week limited gains.

Dollar-Funding Costs in Europe Highest Since Euro Crisis

The cost of derivatives that allow European investors to access U.S. dollars has rocketed this week, with some reaching their steepest levels since the worst days of the eurozone sovereign-debt crisis.

Tax Overhaul Would End Breaks for Executive Pay

A decades-old corporate tax break for performance-based pay of top executives faces elimination under the current tax bill, as Republican lawmakers say it has failed to encourage responsible management.

Russian Central Bank Cuts Key Interest Rate

Russia's central bank cut its benchmark interest rate to 7.75% from 8.25%, citing lower-than-target inflation.

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.

(END) Dow Jones Newswires

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