Business

On Wednesday, Congress Republicans were said to reach a deal on final tax legislation, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. While the formal language of the legislation has not been released, the following are the known provisions on which House of Representatives and Senate tax writers have agreed, based on Reuters reporting.

Here is a full summary of what we know as of this moment is in the Republicans' final tax bill:

BUSINESSES

As expected, there was little surprise in the ECB monetary policy decision, which kept all three key ECB rates unchanged, and which announced that rates will "remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases."

Submitted by RanSquawk

ECB Monetary Policy Decision Due At 12:45 GMT, 13:45 CET, 07:45 EDT, On Thursday 14th December 2017, Press Conference Due At 13:30 GMT, 14:30 CET, 08:30 EDT

Year-end rate hike once again proves to be launchpad for gold price

As previewed moments ago, the BOE decision was rather unexciting, and after its November rate hike - the first in a decade - which many speculated could be a "one and done", the Bank of England unanimously kept rates unchanged at 0.50% as expected. The lack of dissenters meant this was the first time the nine policy makers have been in agreement since February. The committee also left the BOE's QE unchanged.