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Dow eyes 25,000; Bitcoin futures; Brexit decisions

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

Posted: Dec 18, 2017 12:59 PM
Updated: Dec 18, 2017 12:59 PM

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

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

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

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 67857

Reported Deaths: 2975
CountyConfirmedDeaths
Marion14710719
Lake7037269
Elkhart458276
Allen3611157
St. Joseph311479
Hamilton2489104
Cass17509
Hendricks1742105
Vanderburgh170012
Johnson1648118
Porter117439
Tippecanoe109411
Clark107545
Madison84265
LaPorte82929
Kosciusko81612
Howard80464
Marshall74222
Bartholomew73847
Floyd68444
Monroe68430
Noble63528
Delaware63352
Boone63246
Dubois62412
Hancock61637
Jackson5514
LaGrange54210
Shelby50926
Warrick50230
Grant49629
Vigo46810
Dearborn46128
Morgan41832
Henry36118
Clinton3523
White34510
Montgomery33821
Lawrence32627
Wayne3159
Decatur31332
Harrison28922
Miami2582
Scott24710
Daviess24319
Greene23834
DeKalb2214
Putnam2218
Jennings20712
Franklin20510
Jasper2032
Steuben1993
Gibson1984
Ripley1887
Perry17112
Starke1647
Orange16324
Wabash1583
Posey1570
Fayette1547
Jefferson1492
Whitley1486
Fulton1442
Carroll1422
Wells1312
Knox1290
Huntington1183
Washington1151
Spencer1133
Newton10910
Tipton1065
Randolph1024
Clay975
Jay820
Adams812
Rush794
Owen781
Sullivan751
Pulaski711
Brown701
Fountain632
Benton600
Blackford532
Ohio504
Parke451
Pike450
Switzerland430
Crawford420
Martin420
Vermillion380
Union320
Warren191
Unassigned0200

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 93031

Reported Deaths: 3529
CountyConfirmedDeaths
Franklin17107514
Cuyahoga12646477
Hamilton9110247
Lucas4852318
Montgomery402477
Summit3248217
Marion287544
Butler268359
Mahoning2393253
Pickaway235242
Stark1679132
Lorain162076
Warren160035
Columbiana157060
Trumbull1421103
Fairfield123825
Delaware119418
Licking111642
Clark107613
Lake103435
Wood91058
Clermont83510
Medina83133
Miami76837
Tuscarawas74613
Portage71160
Allen64642
Greene61911
Belmont58926
Ashtabula53845
Richland53610
Geauga52843
Mercer52213
Erie51627
Wayne49258
Ross3874
Huron3714
Ottawa35225
Athens3441
Madison32910
Sandusky32917
Holmes3206
Darke31627
Hancock3152
Lawrence2160
Union2141
Auglaize2135
Jefferson2043
Washington19722
Putnam19317
Coshocton1856
Scioto1851
Muskingum1781
Knox1652
Crawford1645
Preble1642
Morrow1582
Shelby1574
Seneca1533
Hardin15012
Clinton1466
Fulton1391
Ashland1303
Defiance1294
Highland1271
Williams1233
Logan1201
Wyandot1195
Brown1121
Guernsey1106
Hocking1089
Carroll1075
Henry1061
Champaign1051
Perry1052
Fayette940
Monroe9018
Van Wert681
Pike660
Jackson650
Paulding590
Gallia571
Adams532
Vinton302
Meigs240
Morgan200
Harrison191
Noble160
Unassigned00
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