Business

CBOE Global Markets said on Monday it would begin trading its bitcoin futures contracts, known as XBT futures, next Monday, and will offer free trading for the rest of the month to help draw in traders and create a market. Both the CBOE and its crosstown rival, CME Group, received permission last week from the CFTC to launch bitcoin derivatives as they go head-to-head in a battle to determine which exchange will come to dominate the market for bitcoin-linked derivatives, the Financial Times reported.

The overnight exuberance in US equity futures is being sold a little at the open, with - most notably - Nasdaq now back underwater from before ABC's fake news Flynn story on Friday...

Across asset classes - the unwind of Friday's panic moves is complete...

Plunder Capitalism

Paul Craig Roberts

The first full week of December is shaping up as rather busy, with such Tier 1 data in the US as the payrolls report, durable goods orders and trade balance. We also get UK PMI data and GDP, retail sales across the Euro Area, as well as central bank meetings including Australia RBA and BoC monetary policy meeting.

Key events per RanSquawk

Authored by Charles Hugh Smith via OfTwoMinds blog,

The central banks claim omnipotent financial powers, but their comeuppance is overdue.