News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Germany Says Facebook Abuses Market Dominance to Collect Data

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Germany's top antitrust enforcer opened a new front against big tech firms when it said the way Facebook harvests user data constitutes an abuse of dominance.

Eurozone Wage Growth Slows in Blow to ECB Hopes

Eurozone wage growth slowed in the three months to September, a blow to the European Central Bank's hopes that falling unemployment will help it meet its inflation target over coming years.

Tax-Bill Momentum Boosts Global Shares

European stocks edged up following gains in most Asia-Pacific markets and in the U.S. amid the increasing likelihood of an overhaul of the U.S. tax code.

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Oil Gains as Pipeline Outage Grinds On

Oil prices edged up Tuesday morning, helped in part by the continuing outage of a North Sea pipeline and reports that Russia's largest oil company could envision continuing production curbs past 2018.

Which Digital Currency Will be the Next Bitcoin?

Investors in cryptocurrencies are hoping lightning strikes twice, as the outsize recent gains in bitcoin are encouraging migration to several digital relatives. Litecoin is especially benefiting from bitcoin's surging popularity.

Cryptocurrency Exchange Collapses, Files for Bankruptcy After Second Hack

A cryptocurrency exchange in South Korea collapsed after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves.

Fed's Kashkari Warns Rate Rises Could Drive Economy Into Recession

Minneapolis Fed President Neel Kashkari warned that bad things may lie ahead for the economy if his colleagues at the U.S. central bank press forward with interest-rate increases.

RBA Sees Significant Risk Around Consumer Spending

Australia's economy is growing at a faster clip, bringing new jobs with it, but serious concerns remain about how consumers will stand up in 2018 given anemic wages growth and soaring debt, the RBA said.

BOJ's Kuroda Will Need to Mind His P's and Q's

The Bank of Japan's public-relations skills will be put to the test this week as investors look for clues as to whether the bank is joining a global tide away from easy money.

U.S. Stocks Set Fresh Records; Nasdaq Crosses 7000 Intraday

U.S. stocks climbed to fresh records Monday, pushing the Nasdaq Composite above 7000 for the first time in intraday trading, as investors extended bets on lawmakers pushing through a major tax overhaul.

(END) Dow Jones Newswires

December 19, 2017 07:15 ET (12:15 GMT)