Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
US macro data on tap
With just three trading days remaining until year-end, trading volumes remain light but market participants look to a duo of US economic reports on housing and consumer confidence for clues on US economic growth.
Economist forecast the Conference Board’s consumer confidence gauge cooled to 128.1 in December from 125.9 in November.
Pending Home Sales, meanwhile, is expected to show a 0.4% decline for November following a 3.5% rise in the previous month.
The dollar traded higher against its rivals on Tuesday.
U.S. crude oil stockpiles to fall for fifth-straight week?
Traders look to a fresh batch of crude oil inventory data from the American Petroleum Institute due Wednesday.
The American Petroleum Institute reported crude oil stockpiles fell by about 5.2 million barrels last week.
Crude oil futures have made a bold start to the week amid fresh supply disruptions following reports that a major oil pipeline explosion Libya threatens to slash supply by roughly 90,000 barrels per a day.
Bitcoin boom back on track?
Bitcoin bulls appear to have wrestled power away from the bears as the digital currency staged a recovered following its worst week since 2013.
On the Bitfinex exchange, bitcoin rose to $15,768.9, up $2202, or 16.23%, after recently hitting an all-time high of $19,891.
The bounce in bitcoin comes just a few days after it suffered a nearly 50% six-day slump, which saw the popular digital currency fall to a two-week low of $10,718 on Friday.