Global Markets Await Fed Rate Decision

Asian markets mostly fell on Tuesday, mirroring losses on Wall Street, as investors awaited the US Federal Reserve's decision on December 10. The Fed is expected to cut interest rates by 25 basis points to 3.5%-3.75%. Experts believe the Fed will then take a data-dependent stance. The Nikkei 225 was up 0.14%, while other Asian markets, including South Korea's Kospi, Hong Kong's Hang Seng, and India's Nifty 50, declined. The Reserve Bank of Australia held its policy rate at 3.6% as expected.

The article discusses several major financial news stories, including Paramount Skydance's hostile takeover bid for Warner Bros. Discovery, a deal that follows Netflix's previous acquisition offer. Other news includes Tata Electronics and Intel's partnership to manufacture Intel chips in India, a U.S. judge lifting Trump's ban on new permits for wind power projects, and Ray Dalio's views on investing in AI. The article also touches on market trends, with major U.S. indexes closing lower despite a good showing from technology stocks, and investors awaiting the Federal Reserve's final rate-setting meeting of the year.

The stock market was little changed on Tuesday morning as investors awaited the Federal Reserve's interest rate decision on Wednesday. Nvidia shares rose after President Donald Trump approved the sale of its H200 chips to China under certain conditions. The tech sector was the only S&P 500 sector to close in the green on Monday, driven by gains in semiconductor stocks. Traders are betting on a quarter percentage point rate cut by the Fed, with an 89% probability according to CME's FedWatch tool. The market's reaction will depend on the Fed's economic projections and Chairman Powell's commentary. Key earnings reports are expected this week from Oracle, Broadcom, Costco, and Lululemon.