News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Tax-Bill Momentum Boosts Global Shares

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European stocks' early momentum ran out of steam after most Asia-Pacific indexes closed higher amid the increasing likelihood of an overhaul of the U.S. tax code.

U.S. Housing Starts Grew In November

U.S. housing starts rose last month to the highest level in more than a year, driven by gains in single-family home building in the South and West.

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.

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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.

Fintech Startups Seek to Shake Up Money Transfer Industry

Fintech startups including WorldRemit, TransferWise and Remitly are pulling ahead of the pack of dozens of companies trying to disrupt the remittance industry, using the latest technology to send money internationally.

ECB's Weidmann Pushes for Faster End to QE

The European Central Bank should have moved more aggressively to signal an end to its trillion-euro bond-buying program, the president of Germany's Bundesbank said, laying bare clear differences within the policy setting Governing Council on the future of monetary policy.

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.

Germany Says Facebook Abuses Market Dominance to Collect Data

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.

The Flawed Bull Case for Bitcoin

Even after taking full account of its technological advantages, the argument for bitcoin to keep rallying still falls apart.

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.

(END) Dow Jones Newswires

December 19, 2017 09:15 ET (14:15 GMT)