Pre-Market Report – Tuesday 9 December: US markets slip ahead of Fed | RBA today

US stocks were down overnight as the market keeps sweating the Fed meeting coming up. All sectors in the red. SP500 down 0.35% and Nasdaq off 0.14%. Bond yields also kept pressing higher. There’s still been plenty of action. The major report is that Nvidia will be allowed to sell its H200 chips to China, sending the stock up 1.7%.

 Paramount Skydance is launching a hostile bid for Warner, at $30 per share, all cash. The Netflix bid was at $27.75, split between $23.25 in cash and $4.50 in Netflix common stock. Either bid has to make it past regulators. Trump is critical of Netflix. 

SPI futures down 24 points. ASX to open lower. Don’t expect much to happen until the RBA release at 2.30pm.

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