Morning Bid: Just a blip for risk assets, more Fed pain for the dollar

By Yoruk Bahceli

LONDON, Dec 3 (Reuters) - By Yoruk Bahceli, markets correspondent

What matters successful U.S. and planetary markets today

Risk assets are showing further signs of betterment connected Wednesday from a wide selloff that kicked disconnected the month, but bonds are sitting connected their losses for now.

And the dollar is down with absorption backmost to the Federal Reserve, with Trump delaying his prime for ​the adjacent seat to 2026. Meanwhile, investors are stuck watching the ADP jobs study successful the lack of November payrolls.

I’ll get into each the marketplace quality below.

But archetypal cheque retired Mike Dolan’s latest ‌column connected wherefore investors should interest little astir alleged ‘vigilantes’ and wage much attraction to bond-market ‘termites’.

And perceive to the latest occurrence of the caller Morning Bid regular podcast. Subscribe to perceive Mike and different Reuters journalists sermon the biggest quality successful markets and concern 7 days a week.

Today's ‌Market Minute

* Russia and the U.S. did not scope a compromise connected apossible bid woody to extremity the warfare successful Ukraine aft a five-hourKremlin gathering betwixt President Vladimir Putin and DonaldTrump's apical envoys, the Kremlin said connected Wednesday. * An acute planetary shortage of representation chips is forcingartificial quality and consumer-electronics companies tofight for dwindling supplies, arsenic prices soar for the unglamorousbut indispensable components that let devices to store data. * China is apt to instrumentality to its existent yearly economicgrowth people of astir 5% adjacent year, authorities advisers andanalysts said, a extremity that would necessitate authorities to keepfiscal and monetary spigots unfastened arsenic they question to drawback adeflationary spell. * It’s been astir 10 months since the Democratic Republicof Congo, the world’s ⁠dominant cobalt supplier, halted exportsof the artillery metal, which has been a booster ‌for thebombed-out cobalt price, writes ROI Mentals Columnist Andy Home. * Benchmark U.S. earthy state prices are ending 2025 conscionable asthey entered it - with a beardown rally. And that's atrocious quality forpeople hoping for further cuts to U.S. ember use, writes ROIGlobal Energy Transition Columnist Gavin Maguire.

Was it each conscionable a blip for hazard assets?

The wide selloff that kicked ‍the week disconnected for markets is proving to beryllium a blip for hazard assets.

After dropping fractional a percent connected Monday, the S&P 500 roseate 0.25% connected Tuesday and futures were up successful aboriginal London trading.

Bitcoin was up different 1.7% aft rising astir 6% connected Tuesday. But it remains 26% beneath an October peak.

In different signs that it's not each plain sailing, 10-year Treasury yields dipped connected Wednesday but were inactive up 7 ground points this week, portion Japan's enslaved yields deed multi-year highs.