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Bitcoin futures; Central banks; Typhoon sale

1. Bitcoin evolution: Bitcoin futures are live.Cboe Global Markets, a top U.S. owner of finan...

Posted: Dec 11, 2017 10:49 AM
Updated: Dec 11, 2017 10:49 AM

1. Bitcoin evolution: Bitcoin futures are live.

Cboe Global Markets, a top U.S. owner of financial exchanges, began offering bitcoin futures on Sunday, allowing investors to speculate on whether the digital currency's price will rise or fall.

Bitcoin itself got a lift from the new activity on the Chicago exchange. It jumped about 8% in less than 10 minutes -- to more than $15,700 -- after the trading began.

Prices zoomed past $16,600 by early Monday morning, according to data from CoinDesk.

Bitcoin is up around 1,500% so far this year, but many analysts are warning the market is a bubble.

On the futures exchange, contracts expiring next month were trading at roughly $17,500.

2. Big week for central banks: The Federal Reserve, the Bank of England and the European Central bank will each announce rate decisions this week.

The Fed promises to be the main event: Investors expect rates to go up at the final meeting chaired by Janet Yellen.

The BOE and ECB are not expected to change policy, but they might give more details on their plans for 2018.

The three central banks are now moving broadly in the same direction, raising interest rates and unwinding stimulus programs.

Central banks pumped have pumped stimulus worth $11 trillion into the global financial system since the 2008 crisis, according to JPMorgan.

3. Global market overview: U.S. stock futures were higher.

European markets opened in positive territory, while Asian markets ended their session with gains.

U.S. crude oil futures were 0.7% lower at below $57 per barrel.

The Dow Jones industrial average gained 0.5% on Friday, closing at a new record. The S&P 500 added 0.6%, notching a new high of its own. The Nasdaq gained 0.4%

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4. Economics and companies: JOLTS labor market data for October will be published by the U.S. Bureau of Labor Statistics at 10:00 a.m. ET.

GDP growth in Turkey hit 11.5% in the third quarter, its quickest pace in six years. But there was a caveat.

"The sharp pick-up was flattered by the comparison with third quarter of last year, when output was disrupted by the coup attempt," said William Jackson, senior emerging markets economist at Capital Economics.

Shares in BAE Systems jumped 0.8% in London after the defense contractor announced it had sold 24 Typhoon aircraft to Qatar. The deal is valued at -5 billion ($6.7 billion).

Download CNN MoneyStream for up-to-the-minute market data and news

5. Coming this week:

Monday -- JOLTS job market report
Tuesday -- Fed meeting begins; U.K. inflation data
Wednesday --
Fed decision and Yellen press conference; U.K. unemployment data; OPEC oil report; U.S. inflation data
Thursday -- U.S. retail sales; Bank of England rate decision; European Central Bank decision; Costco and Oracle earnings; IEA oil report; EU summit; Black Friday retail resultsFriday -- EU Summit on Brexit

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 914888

Reported Deaths: 17460
CountyConfirmedDeaths
Los Angeles3020777027
Riverside669931303
San Bernardino633671073
Orange589801454
San Diego55210877
Kern33928416
Fresno30969439
Sacramento25601491
Santa Clara24425392
Alameda23471462
San Joaquin21729489
Contra Costa18763242
Stanislaus17714398
Tulare17590288
Ventura14330165
Imperial12967336
San Francisco12189140
Monterey1141990
San Mateo11198159
Santa Barbara9827122
Merced9531155
Sonoma9494136
Kings826483
Solano744576
Marin7096129
Madera503774
Placer420757
San Luis Obispo417432
Yolo321959
Butte309552
Santa Cruz280825
Napa196616
Shasta195431
Sutter186512
San Benito144215
El Dorado13514
Yuba132310
Mendocino113621
Tehama8928
Lassen7661
Lake69816
Glenn6713
Nevada6238
Humboldt56810
Colusa5516
Calaveras34218
Amador33116
Tuolumne2754
Inyo23115
Siskiyou2050
Del Norte1801
Mono1802
Mariposa792
Plumas700
Modoc360
Trinity270
Sierra60
Alpine30
Unassigned00
Chico
Clear
63° wxIcon
Hi: 78° Lo: 45°
Feels Like: 63°
Oroville
Clear
58° wxIcon
Hi: 77° Lo: 46°
Feels Like: 58°
Paradise
Clear
63° wxIcon
Hi: 71° Lo: 49°
Feels Like: 63°
Chester
Clear
41° wxIcon
Hi: 72° Lo: 36°
Feels Like: 41°
Red Bluff
Clear
57° wxIcon
Hi: 80° Lo: 46°
Feels Like: 57°
Willows
Clear
63° wxIcon
Hi: 80° Lo: 43°
Feels Like: 63°
The weather over northern California has finally calmed substantially. Although it would be fantastic to have valley rain and mountain snow, we have some exceptional weather ahead for the end of October and beginning of November.
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