By Marc Jones

LONDON, Dec 10 (Reuters) – By Marc Jones, global markets correspondent

What matters in U.S. and global markets today

Wall Street futures and bond and FX markets are hunkering down as crunch time nears for a divided Federal Reserve policy board, while earnings from Oracle and Broadcom will provide the latest test for sky-high valuations in the AI space.

I’ll get into all the market news below.

But first check out Mike Dolan’s latest column on why next year’s market outcome will once again hinge on the fate of the AI story.

And listen to the latest episode of the new ‍Morning Bid daily podcast. Subscribe to hear Mike and other Reuters journalists discuss the biggest news in markets and finance seven days a week.

Today’s Market Minute

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The futures market,

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