News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Tax Bill Injects Calm Into Markets

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

Congress on Brink of Tax Overhaul

Congress stands on the verge of passing a $1.5 trillion tax cut and the largest structural overhaul of the tax system since 1986. The Senate passed the GOP bill and the House will vote again Wednesday morning because at least two provisions ran afoul of Senate rules.

Robust Global Growth Fuels 2017 Copper Rally

Copper is on track to post its best year since 2010, supported by a favorable global economic backdrop and the prospect of mine disruptions across the globe.

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Big Hedge Funds Want In on Bitcoin

Until recently, big-name hedge funds paid little attention to the digital currency. But the rollout of futures trading and soaring prices has some large firms considering whether it is time to wade into the market.

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.

Oil Glut Makes Alaska Reserves Less Attractive to Drillers

Republicans are poised to offer up a bevy of new opportunities for oil exploration in lands and waters owned by the government, but their efforts come at a time when a glutted oil market has companies less eager to find new sites to drill.

Bitcoin Cash Blasts Off; Some Cry 'Insider Trading'

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.

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.

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.

(END) Dow Jones Newswires

December 20, 2017 09:15 ET (14:15 GMT)