06:06 AM EDT, 08/27/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries (UST) weaken in the late New York session and Asia. Nikkei edges higher while e-minis are little changed. The euro (EUR) stabilizes above $1.116, the yen (JPY) weakens above 144.5 versus the US dollar (USD). Brent maintains Monday's gains.

Fed: San Francisco Federal Reserve Bank President Mary Daly says the Fed is most likely to cut by 25bps next month, as "the time to adjust policy is upon us."

US: Odds for new US-China summit are "very high", according to national security adviser Jake Sullivan.

US: Former President Donald Trump casts doubt about attending Sept. 10 TV debate, suggesting ABC is biased. Trump also says he would add Elon Musk to his cabinet, but he's too busy.

== EUROPE:

France: President Emmanuel Macron will continue consultations after rejecting a candidate by the New Popular Front, sees a potential path for a centrist coalition.

UK: Shop prices fall by 0.3% y/y in August; the first decline in almost three years.

Italy: Tesoro announces the launch of new five-year BTP Oct29 (4 billion-4.5 billion euros), and tap BTP Feb35 (2.75 billion-3.25 billion euros) and CCTeu Apr32 (1 billion-1.5 billion euros) on Thursday.

== ASIA:

Japan: Finance Minister Shunichi Suzuki says Japan will monitor the impact of Federal Reserve policy on the Japanese economy and currency markets.