News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Global Economy Week Ahead: U.S. Inflation, Eurozone Wages, Bank of Japan Meeting

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The week ahead features U.S. data on consumer spending and inflation, reports on European consumer confidence and wages, and a policy decision by the Bank of Japan.

Exchange Giant CME Launches Bitcoin Futures

CME Group, the world's largest exchange company, launched bitcoin futures on Sunday, seeking to capitalize on the mania for the booming digital currency.

Tax Reform Propels Global Stocks Higher

The prospects for passage this week of the most sweeping rewrite of U.S. business and income taxes since the Reagan era continued to propel global stocks higher, fueling gains across U.S. futures, European shares and most Asian markets.

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Japan Tiptoes Out of Radical Experiment in Monetary Policy

After pumping about $4 trillion into the financial system over Gov. Haruhiko Kuroda's nearly five years on the job and dropping rates into negative territory, Japan's central bank is likely to raise one or more of its key interest-rate targets in 2018.

Bitcoin Futures Manipulation 101: How 'Banging the Close' Works

The launch of bitcoin futures raises a new danger for traders of the digital currency. A look at some of the biggest questions about futures manipulation.

OPEC's Strange Dilemma: Prices Rising Too High

OPEC is grappling with an unusual conundrum: Oil prices are going higher than it wants. A rise to $65 a barrel could undermine a fragile coalition of 24 oil-producing nations that says it is withholding almost 2% of global oil supply.

GOP Is Poised to Pass Sweeping Tax Overhaul

Republicans stood on the verge of delivering the most significant changes to the U.S. tax code in more than three decades, after a series of last-minute deals appeared to clear the last big obstacles to passage next week.

Senators Rubio and Corker to Support Republican Tax Plan

Republican senators Marco Rubio and Bob Corker said they planned to support the GOP tax plan, bolstering the chances of passage as party leaders planned to release final details of the plan later Friday.

EU Leaders Agree to Advance Brexit Talks

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.

(END) Dow Jones Newswires

December 18, 2017 05:15 ET (10:15 GMT)