News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Bitcoin Cash Blasts Off; Some Cry 'Insider Trading'

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One of the world's largest cryptocurrency platforms said it would investigate allegations of insider trading after the price of a bitcoin offshoot called Bitcoin Cash climbed in value before the platform began facilitating trades in the alternative currency.

Tax Bill Injects Calm Into Markets

World stock markets were calm in anticipation of the largest structural overhaul of the U.S. tax system in three decades.

Oil Steady Amid Pipeline Outage, Decline in U.S. Stocks

Oil prices held steady, supported by a continuing outage of a North Sea pipeline and data showing a decline in U.S. crude inventories.

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China to Shake Up Global Market With Yuan-Based Oil Futures Contract

China is preparing to launch its own yuan-based oil futures contract, a move set to shake up the 96 million barrel-per-day global crude market currently dominated by trading in London and New York.

GOP Tax-Overhaul Bill Heads to Senate

The Senate will vote on the GOP tax-overhaul bill this evening, then the House will vote again Wednesday morning because at least two provisions ran afoul of Senate rules. President Donald Trump could sign it into law later this week.

Sweden's Central Bank Flags Rate Increase in Mid-2018

Sweden's central bank paved the way for a tighter monetary policy by not extending its bond-buying program and confirming that interest rates will rise from mid-2018.

Bank of Thailand Stands Pat at 1.5%

The Bank of Thailand nudged up its economic growth forecasts for the fourth time this year, but kept policy on hold while it keeps an eye on inflation, domestic consumption and the strength of the baht.

Tech Sector Leads U.S. Stocks Lower

Declining shares of technology companies caused major indexes to edge lower Tuesday, even as Republicans advanced their sweeping rewrite of the U.S. tax code.

Big U.S. Banks Get Satisfactory Grades on 'Living Wills'

The eight largest and most complex U.S. banks received satisfactory grades on their latest "living will" bailout-prevention plans, a milestone that further reduces the already-remote possibility that any of the firms would be broken up by the government.

Court Allows Suit Against Stock Exchanges to Proceed

A federal appeals court said a lawsuit accusing stock exchanges of defrauding investors by favoring high-speed traders can go forward, in a blow to the New York Stock Exchange and Nasdaq.

(END) Dow Jones Newswires

December 20, 2017 07:15 ET (12:15 GMT)