European, Asian Stocks Slide But US Futures Rebound As Tax Deal Fears Ease

U.S. equity index futures point to a higher open, having rebounded some 10 points off session lows with the VIX stuck on the edge between single and double digits, while European and Asian shares decline as investors assess central banks’ shift toward tighter monetary policy and concern over tax overhaul ahead of final plan. 

Frontrunning: December 11

  • Hotly anticipated bitcoin futures ease off after 22 percent surge (Reuters)
  • Bitcoin Futures Debut With 26% Rally, Trigger Cboe Trading Halts (BBG)
  • Powell faces early test of policy view as tax cuts near approval (Reuters)
  • Small Investors Face Higher Taxes Under Senate Proposal (WSJ)
  • US, Japan and South Korea host joint missile tracking drills (DW)