Morning Bid: The final Fed countdown

By Yoruk Bahceli

LONDON, Dec 8 (Reuters) - By Yoruk Bahceli, markets correspondent

What matters successful U.S. and planetary markets today

The Federal Reserve gathering is accelerated approaching connected Wednesday – and the stakes are high. Rising bets for a December chopped look to person saved equities from AI jitters for now. But the effect connected the dollar, which dipped further connected ​Monday, has been much pain.

I’ll get into each the marketplace quality below.

But archetypal cheque retired Mike Dolan’s latest file wherever helium discusses what is astatine the bosom of the occupation facing ‌the Federal Reserve this week and passim 2026.

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

* ‌China's exports topped forecasts successful November, driven by asurge successful shipments to non-U.S. markets arsenic manufacturers deepentrade ties with the remainder of the satellite successful airy of PresidentDonald Trump's prohibitively precocious tariffs. * A question of formation cancellations by IndiGo, India's largestairline, sparked a week of chaos and grounded tens of thousandsof passengers, laying bare the risks of having a duopoly-likesituation successful the world's fastest-growing aviation market. * U.S. lawmakers connected Sunday unveiled an yearly defence policybill authorizing a grounds $901 cardinal successful nationalist securityspending adjacent year, billions much than President Donald Trump'srequest, and provides $400 cardinal successful subject assistance toUkraine. * China's imports of large commodities were connected divergenttracks successful November, with crude lipid ⁠and robust ore powering aheadbut copper and ember losing steam. The contrasting ‌outcomes makeit hard to travel up with a azygous communicative for request inthe world's biggest purchaser of earthy resources, writes ROICommodities and Energy Columnist Clyde Russell. * The G7’s projected program to barroom tankers from hauling Russianoil ups the ante successful the West’s economical stand-off with Moscow,but the eventual wound hinges connected whether governments ‍will ratchetup punishments connected those skirting sanctions, argues ROI EnergyColumnist Ron Bousso

The last Fed countdown

No surprise: It's each astir the Fed this week, with traders beauteous assured -- and hopeful -- the slope volition present a 25 basis-point complaint chopped connected Wednesday.

After all, bets that the Fed volition chopped rates person helped the S&P 500 bounce backmost from AI woes and leap 5% since precocious November, truthful equity traders request Jerome Powell and co to deliver.

As for the dollar, the ​market verdict is much pain.