News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Tax Reform Propels Global Stocks Higher

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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.

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.

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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Investors Shell Out $700 Million for Coins With 'No Purpose'

One of the hottest cryptocurrency investments of 2017 comes from a software startup that doesn't plan to sell any software and describes what it is selling-something called a digital token-as having "no purpose."

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.

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

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.

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.

(END) Dow Jones Newswires

December 18, 2017 09:15 ET (14:15 GMT)