Group 1: Market Overview - Global markets experienced volatility due to a sharp increase in yields on U.S. Treasuries, German bunds, and Japanese government bonds, influenced by hawkish policy signals and significant U.S. debt sales [2][3] - The S&P 500 index ended lower on Monday, but stock index futures remained stable on Tuesday as the Federal Reserve began its two-day meeting [2][3] Group 2: Central Bank Actions - The Federal Reserve is widely expected to announce a rate cut, with significant labor market data on job openings being released before the decision [3] - European Central Bank board member Isabel Schnabel indicated that the next ECB rate move will be higher, contributing to long-dated German yields reaching 14-year highs [4] Group 3: Corporate Developments - Paramount Skydance initiated a hostile bid worth $108 billion for Warner Bros. Discovery in a competitive move against Netflix, resulting in a 7.3% increase in Paramount's shares and a 5.3% rise in Warner Bros. Discovery's shares [5] - Nvidia's stock rose 2% after the U.S. government announced it would allow the export of its H200 AI processors to China, with a 25% fee on sales [6] Group 4: Regulatory Issues - Alphabet's Google is facing an EU antitrust investigation regarding its use of online content from web publishers and YouTube videos to train its AI models [6]