05:53 AM EDT, 08/20/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries (UST) consolidate into New York close as stocks push higher, with the curve steepening further in Asia. Asian stocks are mostly higher, except for China. The euro (EUR= consolidates around $1.108. Brent falls to $77/barrel.

US: Vice President Kamala Harris seeks to raise corporate tax to 28% from 21% (NBC). Former President Donald Trump would consider ending $7,500 electric vehicle (EV) credits.

Middle East: US Secretary of State Antony Blinken says Israel accepts cease-fire proposal and next step is for "Hamas to say yes." Hamas senior official criticizes the statement as the proposal "raises many ambiguities."

== EUROPE:

ECB: European Central Bank Governing Council member Olli Rehn says rising downside risk to growth "has reinforced the case for a rate cut in September, provided that disinflation is indeed on track."

== ASIA:

China: The central bank (PBoC) leaves loan prime rates (LPR) unchanged, as expected. China plans a "bigger and stronger" social security fund.

Australia: The central bank (RBA) signals to leave rates steady at the current level for an "extended period" (minutes).