News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Dollar's Fall Hits Stocks in Japan, Europe

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Stocks in the eurozone and Japan were held back by a fall in the dollar on Thursday even as fresh gains in oil and copper prices sent the commodity-heavy bourses of the U.K. and Australia to multiyear highs.

South Korea Considers Shuttering Bitcoin Exchanges

Investor frenzy has worried the country's authorities, who are concerned about growing speculation-and the risk investors could lose money from sharp price declines or from cyber attacks on digital currency exchanges.

Concerned About the ECB Taper? Britain's Case Should Calm Nerves

For investors worried over the European Central Bank's plan to taper corporate-bond purchases from January, the example of Britain makes the case for remaining calm.

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Some Talk of Policy Tweaking at BOJ's December Meeting

The Bank of Japan's policy board has started talking about the possibility of tweaking its aggressive monetary easing program, while most of its members generally agree that the current policy is the most suitable for now.

Stocks Edge Up, Led by Real Estate, Utilities

The S&P 500 inched higher in quiet trading Wednesday, boosted by shares of real-estate and utility companies.

Consumer Confidence Dips in December

After a banner year for consumer confidence, the mood of Americans hit a yearend lull as many households wait to see how they will be affected by an overhaul of the U.S. tax code.

U.S. Pending Home Sales Up Slightly in November

The National Association of Realtors said its pending home sales index rose 0.2% in November to 109.5 from the previous month and 0.8% from a year earlier. Economists surveyed had expected no change between October and November.

IRS Says 2018 Property Taxes Are Deductible if Assessed

The Internal Revenue Service cautioned that not all property-tax prepayments can be deducted amid a rush of homeowners paying their 2018 property taxes before the Republican tax law takes effect in January.

Former Bush-Era Economists Considered for Fed's No. 2 Job

The White House has interviewed two economists who served in senior positions in the George W. Bush administration to serve as the vice chairman of the Federal Reserve Board.

Emerging Markets: Growing in Maturity?

The MSCI Emerging Markets stock index is turning 30. Huge political shifts and globalization have changed the face of the index over time.

(END) Dow Jones Newswires

December 28, 2017 05:15 ET (10:15 GMT)