07:02 AM EDT, 09/11/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries close near the highs, rally extends in Asia with long-end yields falling to their lowest levels since June 2023. US stocks recover into New York close, Asian stocks and e-minis retreat. Brent stabilizes around $69.50/barrel.

US: 63% of viewers believe Vice President Kamala Harris beat former President Donald Trump in a TV debate (CNN instant poll). Swing-state voters thought Harris won, regardless of how they plan to vote (WP survey). The Harris campaign wants a second debate in October. Taylor Swift posted that she will back Harris.

Fed: Reuters polls among economists and primary dealers expect three 25bps rate cuts this year, median probability of recession is unchanged at 30%. Federal Reserve Governor Michelle Bowman outlined a number of concerns about banks' stress test process and ways to improve it.

== EUROPE:

France: The central bank (BoF) survey suggests a temporary 0.25pp gross domestic product boost from the Olympics, in addition to slowing underlying growth to between 0.1% and 0.2% in Q3.

EU/China: Spanish Prime Minister Pedro Sanchez says the European Union should reconsider a China electric vehicle tariff plan. European businesses are becoming increasingly "defensive" toward investing in China, the EU Chamber of Commerce in China says in a report.

== ASIA:

China: Fitch expects GDP growth to slow to 4.5% in 2025 from 4.8% this year.

Japan: Bank of Japan board member Junko Nakagawa thinks that the degree of monetary easing will be adjusted further, as the "current level of real rates is extremely low."