Here is what you need to know.
South Korea has reportedly banned bitcoin futures.The Financial Services Commission of Korea issued a directive banning securities firms from taking part in bitcoin futures transactions, Business Korea reports, citing sources.
Bitcoin is threatening record highs. The cryptocurrency trades up 9.96% at $US16,566 a coin on Monday.
Deutsche Bank warns on China. China has “nearly twice the probability of a crisis in the next riskiest country and nearly three times the probability of a crisis in any random country at any random point in time,” according to a note written by Deutsche Bank’s chief economist for the Asia Pacific region, Dr. Michael Spencer.
London’s property market is in for another rough ride. Home values in London are likely to fall another 2% in 2018 after a 1.8% decline this year, Bloomberg reports, citing data from the real-estate website operator Rightmove.
The Reserve Bank of New Zealand has a new governor.Adam Orr has been named the new head of the central bank, effective March 27. He replaces the acting governor Grant Spencer.
Saudi Aramco execs are worried about Uber. Senior officials at the oil giant Saudi Aramco told the Financial Times they were more concerned about the growth of ride-sharing apps such as Uber than about the rise of electric vehicles.
Bill Ackman’s insider-trading case may go to trial.On Friday, a California judge denied Ackman and Valeant Pharmaceuticals’ request to have their insider-trading case thrown out, meaning Allergan Pharmaceuticals investors can proceed with their lawsuit over the attempted hostile takeover of the company in 2014.
Stock markets around the world are higher. Hong Kong’s Hang Seng (+1.14%) led the gains in Asia, and Britain’s FTSE (+0.64%) is out front in Europe. The S&P 500 is set to open little changed near 2,653.
US economic data is light. Jolts Job Openings will be released at 10 a.m. ET. The US 10-year yield is unchanged at 2.37%.
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