05:48 AM EDT, 06/25/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries (UST) gain in late New York and Asia as tech stocks soften. The euro (EUR) is supported above $1.07, Brent above $86/barrel.

Fed: San Francisco Federal Reserve Bank President Mary Daly says "inflation is not the only risk we face," noting a cooling labor market where a "benign outcome could be less likely."

Banks: Fed floats proposal with a significantly lower capital increase under final Basel rules (Bloomberg).

== EUROPE:

ECB: European Central Bank Executive Board member Isabel Schnabel is "not so sure" a policy divergence with the US will happen.

EU intends to issue 65 billion euros of bonds in H2 via six auctions and four to five syndications.

France: President Emmanuel Macron warns extreme parties could spark "civil war." Far-right RN lawmaker Jean-Philippe Tanguy reiterates commitment to respect deficit pledges, says former British Prime Minister Liz Truss "dug her own grave." ECB's Governing Council member Francois Villeroy de Galhau says French banks are "very solid." New polls see Macron's movement losing ground while RN and leftwing alliance NFP gain slightly (Ifop and Harris).

Germany: SPD's Saskia Esken says the war in Ukraine is an emergency situation under debt brake.

Italy: Tesoro announced to tap BTPs Jul29 (3 billion-3.5 billion euros), Jul34 (3 billion-3.5 billion euros) and CCTeu Apr32 (1.25 billion-1.75 billion euros) on Thursday, and to auction new short-term, five- and 10-year BTPs during Q3.

== ASIA:

China plans to improve the attractiveness of financial markets, promote cross-border financing.