06:15 AM EDT, 08/14/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries (UST) close better bid in late New York session, steady in Asia. E-minis maintain Tuesday's gains. The eruo (EUR) increases to $1.10, then consolidates. Brent stabilizes after slipping below $81/barrel.

Fed: Atlanta Federal Reserve President Raphael Bostic wants "a little more data" before supporting rate cuts, "we want to be absolutely sure". After cuts start, he wants to prevent having to "turn around and raise them again".

US: Vice President Kamala Harris is to provide details of her economic plans on Friday with a focus on lowering costs. Department of Justece (DoJ) is considering a Google breakup after a court found that it monopolized the online search market (Bloomberg sources).

Middle East: Iran says only a ceasefire in Gaza will delay retaliation against Israel.

== EUROPE:

Germany: Banks are successful in lawsuits to recover contributions from the Single Resolution Board (Boz).

Russia/Ukraine: Russia withdraws some military forces from Ukraine in response to Kursk invasion (WSJ).

== ASIA:

Japan: Prime Minister Fumio Kishida won't run for a second term in September.

New Zealand: The central bank (RBNZ) cuts cash rate by 25bps to 5.25%.