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The
Federal Reserve will begin its two-day meeting on Dec. 15 to
decide on the rate hike.
Traders expect an 85 percent chance the Fed will lift its target
rate range to 0.25 percent to 0.50 percent from the current zero
to 0.25 percent, according to CME Group's FedWatch program.
Global stock markets were volatile on Monday as China's yuan hit
a multi-year year low and oil slid to a 11-year low.
U.S. stocks closed sharply lower on Friday, with the S&P 500
ending its worst week since August.
China's economic data over the weekend showed factory output in
November grew to a five-month high, suggesting stimulus measures
from Beijing may have put a floor under a fragile economy.
Dupont shares were down 1.2 percent at $69.60 in premarket
trading after the company agreed on Friday to merge with Dow
Chemical in a $130 billion deal. Dow Chemical was down 0.5
percent at $53.09.
Trina Solar surged 17.3 percent to $11.20 after the company
received a go-private proposal from a group that included its
chief executive, valuing the company at more than $980 million.
Jarden <JAH.N> was up 4.4 percent at $55 after Newell Rubbermaid
said it would buy the maker of Sunbeam kitchen appliances in
cash and stock.
(Reporting by Abhiram Nandakumar in Bengaluru, additional
reporting by Aastha Agnihotri; Editing by Anil D'Silva)
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