06:24 AM EDT, 08/28/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted.

Markets: United States Treasuries (UST) recovered most of Tuesday's intraday losses in late New York session, better offered in Asia. Asian stocks are slightly weaker while e-minis remain steady. The euro (EUR) drops below $1.117 after last night's strength. Brent remains below $80/barrel.

Fed: Chicago and NY Fed directors wanted to cut the discount rate by 25bpa in July according to minutes.

US: Vice President Kamala Harris and Tim Walz will appear for the first joint interview on CNN on Thursday. Former President Donald Trump confirms to take part in Sept. 10 debate on ABC; he adds RFK Jr. to his presidential transition team.

== EUROPE:

Italy: Prime Minister Georgia Meloni tries to fill a 12 billion euros hole in the 2025 budget (Bloomberg sources).

France: President Emmanuel Macron struggles to launch new talks with New Popular Front as budget draft must be presented by Oct. 1 (Le Monde).

Germany: CDU party leader Friedrich Merz proposes to PM Olaf Scholz to push through changes to migration laws without SPD's coalition partners FDP and Greens.

UK/Germany are getting closer to a major new treaty covering various themes, including collaboration on defense.

Ukraine/US: Ukraine President Volodymyr Zelenskiy will present a plan to halt the Russian invasion to US President Joe Biden, Harris and Trump in September.

== ASIA:

China: People close to the central bank (PBoC) warn of bursting bond bubble (FT).