Overnight Highlights: Mixed U.S. Stocks, Precious Metals Surge, Silver Breaks $60 as Market Eyes Ukraine Peace Talks and Fed Rate Decision

**Market Recap** U.S. stocks closed mixed on December 10 as investors awaited the Federal Reserve's policy meeting outcome.

**Top Movers** - Microsoft announced a $17.5 billion investment in AI infrastructure in India, ranking among the top 20 U.S. stocks by trading volume. - Most popular Chinese ADRs declined, with Apple supplier TSMC edging up 0.57% while Baidu dropped 4.71%.

**Commodities & Energy** - Silver skyrocketed 4.78% to a record high above $60/oz, while gold held firm at $4,200 amid a broad precious metals rally. - Oil prices dipped as markets focused on Ukraine peace negotiations and the Fed’s impending rate decision.

**European Markets** Defense stocks gained on Germany’s proposed €52 billion military spending plan, though broader European equities were muted.

**Macro Highlights** - Former U.S. President Trump criticized Europe’s Ukraine response, asserting Russia’s military superiority. - The U.S. State Department revoked 85,000 visas this year. - Ukraine’s Zelenskyy plans to submit a revised peace proposal to Washington this week, anticipating high-level U.S.-Ukraine talks soon. - Germany’s chancellor declared the Western alliance "nonexistent," opposing parts of U.S. security strategy. - Japan’s central bank governor reinforced rate hike signals, citing progress toward inflation targets.

**Corporate News** - Microsoft unveiled a $23 billion AI investment, including $17.5 billion for India. - Apple emerged as an "anti-AI" investment play, bucking tech sector spending trends. - Waymo’s weekly orders reportedly surpassed 450,000, nearly doubling in under eight months and widening its lead over Tesla’s Robotaxi.

**Commentary** - Silver’s breakout contrasted with declines in crude oil and copper. - Wall Street trimmed near-term Bitcoin forecasts but maintained long-term bullish views. - Oaktree’s founder warned of AI-driven debt risks and "terrifying" job market disruptions. - The U.S. 10-year Treasury yield matched pre-auction levels at 4.175%. - Global trade is projected to hit $35 trillion this year (UNCTAD).

Traders worldwide are betting on slower or halted central bank easing.