Skip to content


US stocks hit all-time highs; Bitcoin futures set to go live this Sunday


  • US500 makes new record peak after Senate pass GOP tax bill
  • CBOE to offer Bitcoin futures from Sunday
  • GBP hands back earlier gains after failure to make deal in Brexit talks
  • US factory orders beat forecast but still contract
  • DE30 technical overview

The Republican tax bill managed to squeeze through the Senate by a marginal majority (51-49) over the weekend and it has boosted risk assets with all 3 major US indices (US500, US30, US100) higher on the day. The US500 and US30 have both made fresh all-time highs but the US100 is lagging behind a little at present and remains below its previous peak

The first US trade in Bitcoin futures will occur before the end of the week with the Chicago Board Options Exchange (CBOE) set to offer the contract live from 11Pm GMT on Sunday December 10. The latest news from the CBOE has coincided with a recovery and the market is currently higher by around 2% on the day.

Reports that the UK and EU have failed to reach a "complete" agreement over the UK’s first phase divorce talks with the EU in Brussels have seen the pound fall back after earlier moving higher. An earlier comment from a European MEP had raised hopes that today would see some progress made, but it appears that the contentious issue of the Irish border has failed to be agreed upon to a satisfactory manner. 

 On the data front UK construction PMI beat vastly the forecast (51) and came in at 53.1 for November, but economic releases are playing second fiddle to political developments at present. 

The only economic data of note from the US this afternoon has come in better than expected with factory orders for October beating forecasts. A M/M reading of -0.1% was above the consensus forecast according to Bloomberg of -0.3% but still marks the 1st decline in the last 3 releases. 

From a technical perspective, our latest overview focuses on the DE30 and can be found here. 


This article is provided for general information purposes only. Any opinions, analyses, prices or other content is provided for educational purposes and does not constitute investment advice or a recommendation. Any research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Past performance is not necessarily indicative of future results, and any person acting on this information does so entirely at their own risk, we do not accept liability for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.