Bitcoin chills; U.S. dollar dips; Stocks steady

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Premarket: 4 things to know before the bell – Dec. 28, 2017

premarket stocks trading futures
Click chart for in-depth premarket data.

1. Bitcoin chills: Bitcoin prices are slumping again after South Korea announced a clampdown on the cryptocurrency.

The country’s government said Thursday it was putting in place measures to cool speculation in bitcoin, which has surged by more than 1,300% in 2017.

‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; }
// Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; } for ( i = 0; i 0) { heightToSkip -= storytext.childNodes[i].clientHeight; resetValues(); } else if(heightToSkip minHeight && targetChildElement != null) { //console.log(“total height = ” + totalHeight); //console.log(“childNode = ” + targetChildElement); storytext.childNodes[targetChildElement].insertAdjacentHTML(‘afterend’, smartAssetDiv); smartasset = document.getElementById(‘smartasset-article’); smartasset.style.float = ‘left’; // allows module to have text float to right smartasset.style.marginRight =’20px’; smartasset.style.marginBottom =’25px’; //console.log(storytext.childNodes[targetChildElement]); //SMARTASSET.setDivIndex(targetChildElement); SMARTASSET.setSmartAssetScript(); /* bail out since we’re done */ break; } } /* div with id=”smartassetcontainer”. Sanity check to only embed once */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) { break; } /* div with id=”ie_column” */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) { resetValues(); } /* embeds from twitter, facebook, youtube */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) { resetValues(); } /* cnn video player */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) { resetValues(); } /* images */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) { resetValues(); } /* images stored in figure tags */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) { if(storytext.childNodes[i].clientWidth

The measures include a ban on opening anonymous virtual currency accounts and new laws giving authorities the power to shut down digital currency exchanges.

Bitcoin’s value plunged more than 10% to below $14,000 on Thursday morning in Asia, according to CoinDesk.com, and continues to be volatile.

2. Dollar dip: The U.S. dollar has been steadily weakening this year and the trend is continuing this morning. The greenback is down by about 0.4% versus many major global currencies, including the euro, British pound and Canadian dollar.

The U.S. dollar index — which tracks the dollar’s performance versus global currencies — is down by about 11% from its peak at the start of the year.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

3. Global stock market overview: U.S. stock futures are indicating stocks could have a positive day on Thursday, but the gains could be very small.

European markets are mostly dipping in early trading, though the moves are modest.

Most Asian markets ended the day with gains.

This follows quiet holiday trading in the U.S. The Dow Jones industrial average, S&P 500 and Nasdaq all eked out tiny gains on Wednesday.

Trading volume at this time of year is usually low.

The top U.S. indexes are all up by 20% to 29% in 2017.

Related: The best global stock markets of 2017

4. Coming this week:

Thursday — Weekly U.S. crude inventories report out at 11 a.m. ET
Friday — Russia reports latest quarterly GDP

CNNMoney (London) First published December 28, 2017: 5:02 AM ET

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply