News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Bond Markets Have Picked Up the Wrong Signal From Japan

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Investors should revisit the theory behind the Bank of Japan's yield-curve-control policy before assuming it has changed track.

China Quietly Orders Closing of Bitcoin Mining Operations

Chinese authorities ordered the closing of operations that create a large share of the world's supply of bitcoin, tightening a clampdown that has already shuttered exchanges for the trading of cryptocurrencies in China.

Asia Stock Markets Extend Global Retreat

Asian shares broadly fell for a second straight session Thursday, continuing a global pullback from recent record and multiyear highs, with some markets pressured by stronger local currencies.

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China Premier Li Says 2017 GDP Growth Around 6.9% -- Xinhua

China Premier Li Keqiang said China's economy grew by about 6.9% last year, the official Xinhua News Agency reported Thursday. Mr. Li attributed the faster growth in 2017 to the government's supply-side structural reforms.

China Voices Concern Over Trade Protectionism in U.S.

China's Commerce Ministry expressed its concern over trade protectionism after the U.S. rejected Ant Financial's plan to acquire money-transfer company MoneyGram.

What's At Stake as Rules-Based Trade Comes Under Fire

Peter Sutherland, founding chief of the WTO, died this week, 100 years after President Woodrow Wilson first laid out the global rules-based trading system, Simon Nixon writes. Almost everybody professes belief in that system these days, but it isn't always clear if they mean it.

Treasurys Stumble Again Amid Foreign-Demand Worries

Investors grappled with the spreading ripples from a selloff in U.S. Treasury debt, reflecting expectations that higher bond yields will affect everything from asset prices to mortgage rates.

More States Ask to Be Excused From Trump's Offshore Drilling Expansion

Several more governors are asking the Trump administration to scale back plans for one of the largest offshore-drilling expansions in history, adding to pressure that has already led officials to exempt Florida.

Whispers of $80 Oil Are Growing Louder

Oil prices have been grinding higher and higher, spurring forecasters to predict they could hit $80 a barrel this year.

Judge Again Backs White House in CFPB Leadership Fight

A federal judge sided with the Trump administration for a second time in a fight over the control of the Consumer Financial Protection Bureau, denying a request for a preliminary injunction filed by an Obama-era official.

(END) Dow Jones Newswires

January 11, 2018 03:15 ET (08:15 GMT)