The KUIK Morning Market Report for Monday, December 11:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
34
points
24,363
7:19 AM
S&P500
Up
0.2%
percent
2,656
0.40
Nasdaq Composite
Up
0.3%
percent
6,859
4.13
30 Year Treasury
Down
(2)
Basis Points
2.75
Annual Yield
This week, investors are focusing on the Federal Reserve’s two-day meeting, with an updated policy statement set to be released on Wednesday. The Fed is expected to deliver its third and final interest-rate hike for 2017. The European Central Bank and the Bank of England are lso scheduled to make policy announcements later in the week.
Bitcoin should stay in the spotlight , after futures contracts for the cryptocurrency began trading on Cboe Global Market exchange on Sunday at 6 p.m. Eastern Time. The launch had heavy traffic and a sharp move higher. That volatility triggered two circuit breakers—a two-minute halt after a 10% price jump not too long after trading began, and then a five-minute halt a few hours later, after a 20% price surge. January bitcoin futures last changed hands at $17,800, up from a opening price of $15,000. Bitcoin itself is higher, in step with futures, rising 10% to $16,546, according to Coinbase.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
