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.
Tax Reform Propels Global Stocks Higher
The prospect of U.S. lawmakers passing 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.
Oil Gains After U.S. Rig Decline
Oil prices rose following an unexpected fall in the number of U.S. rigs drilling for crude.
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Fed's Williams: Economy Heading Into 2018 With Good Momentum
Federal Reserve Bank of San Francisco President John Williams said if the economy performs as he expects, the central bank is likely to steadily raise interest rates over the next couple of years.
Tax Bill Jolts Municipal-Bond Market
December is typically the sleepiest month in an already sedate municipal-bond world. But this year the prospect of a new tax bill roused the market to records.
This One Weird Tax Trick Could Shrink the Trade Deficit
The tax bill expected to pass Congress could accomplish President Trump's goal of reducing the U.S. trade deficit, not by increasing productivity or changing other countries' trade practices, but by curbing the incentive for multinational companies to shift profits abroad.
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.
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.
(END) Dow Jones Newswires
December 18, 2017 07:15 ET (12:15 GMT)