Dow eyes 25,000; Bitcoin futures; Brexit decisions

1. Dow 25,000 watch: The Dow Jones industrial avera...

Posted: Dec 18, 2017 11:59 AM
Updated: Dec 18, 2017 11:59 AM

1. Dow 25,000 watch: The Dow Jones industrial average might hit yet another milestone this week, especially if Congress passes the package of tax cuts that has seriously fired up Wall Street.

The Dow has hit plenty of records since President Trump took office, passing 24,000 just three weeks ago.

The index has nearly quadrupled since the financial crisis low, with most of the gains occurring prior to Trump's election.

U.S. stock futures were pointing higher on Monday.

2. Bitcoin futures: CME, the derivatives marketplace, kicked off electronic bitcoin futures trading on Sunday, a week after futures trading began on the Chicago Board Options Exchange.

Investors see the involvement of top financial institutions as a sign of growing mainstream acceptance -- even as government officials, business leaders and economists continue to warn against investing in it.

The digital currency is still extremely volatile. It jumped to within a few hundred dollars of the $20,000 mark on Sunday before slipping back sharply. By early Monday, it was trading well below $19,000.

3. Brexit decisions: What kind of relationship does Britain want with the EU, its biggest export market?

Prime Minister Theresa May will discuss the vital question with cabinet members on Monday. There are two camps: Those who want to negotiate continued easy access to EU markets, and those who want to break free from EU regulation even if it means accepting new barriers to trade.

Both scenarios come with risks and consequences that are likely to upset factions within May's Conservative party.

The pound edged up to trade above $1.33.

4. Global market overview: European markets were in positive territory. Asian markets ended mixed.

U.S. crude futures gained 0.5% to trade at $57.50 per barrel.

The Dow Jones industrial average added 0.6% on Friday. The S&P 500 gained 0.9% and the Nasdaq jumped 1.2%.

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5. Companies and economics: The European Commission is set to launch a formal probe into Ikea's tax affairs, according to reports in the Financial Times and Politico.

Eurozone inflation data is expected at 5:00 a.m. ET

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6. Coming this week:
Monday -- Official trade date for Bitcoin futures on CME
Tuesday --
Fedex, Darden and Carnival earnings
Wednesday -- General Mills earnings
Thursday -- Nike earnings; Final estimate on 3Q U.S. GDP
Friday --
El Gordo lottery in Spain

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 61125

Reported Deaths: 1711
CountyConfirmedDeaths
Hinds5269106
DeSoto332627
Madison229756
Harrison215232
Rankin214628
Jackson199434
Jones177457
Forrest164053
Washington149232
Lauderdale132988
Lee123930
Neshoba119788
Lamar112112
Oktibbeha105435
Lowndes98932
Warren96427
Scott95517
Bolivar94832
Copiah91724
Panola91211
Sunflower90822
Lafayette88111
Holmes84747
Leflore84059
Pike83232
Grenada81320
Yazoo78611
Leake76825
Lincoln74540
Pontotoc7377
Wayne73321
Simpson71227
Monroe70250
Coahoma66310
Tate65023
Marion60118
Covington58811
Adams58425
Marshall5718
Winston57115
George5475
Union53113
Newton51611
Attala49824
Tallahatchie49310
Pearl River48536
Walthall45318
Chickasaw43819
Noxubee41910
Claiborne40013
Smith38013
Calhoun3788
Jasper3768
Clay37013
Alcorn3574
Prentiss3426
Hancock33614
Tishomingo3204
Lawrence3135
Tippah31212
Yalobusha31210
Itawamba30710
Clarke30025
Montgomery2933
Tunica2786
Humphreys27111
Carroll24511
Greene22611
Quitman2251
Kemper22315
Perry2227
Amite2105
Jefferson Davis2026
Webster19912
Jefferson1936
Wilkinson18712
Sharkey1801
Stone1523
Choctaw1274
Benton1250
Franklin1162
Issaquena211
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 89927

Reported Deaths: 1580
CountyConfirmedDeaths
Jefferson11859225
Mobile9086191
Montgomery6249143
Madison501425
Tuscaloosa397463
Baldwin321023
Shelby305032
Marshall296630
Unassigned273453
Lee250540
Morgan222315
Etowah193026
DeKalb170113
Elmore160237
Calhoun15609
Walker147063
Houston131912
Dallas128823
Russell12331
St. Clair121712
Franklin119620
Limestone119613
Cullman114111
Colbert109312
Lauderdale107112
Autauga102420
Escambia97915
Talladega91813
Jackson8283
Chambers82138
Tallapoosa81478
Dale78520
Butler75235
Blount7363
Chilton7106
Coffee7095
Covington70920
Pike6607
Barbour5635
Lowndes55224
Marion54224
Marengo52014
Clarke4869
Hale45926
Bullock43811
Perry4294
Winston42911
Wilcox4059
Monroe3914
Randolph38810
Bibb3743
Conecuh37310
Pickens3679
Sumter36118
Lawrence3100
Washington31011
Macon30913
Crenshaw2863
Choctaw27412
Henry2453
Cherokee2427
Greene24211
Geneva2320
Clay2175
Lamar1982
Fayette1745
Cleburne1211
Coosa922
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