05:44 AM EDT, 09/13/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: Two-year leads United States Treasury rally in Asia, e-minis stable amid mixed Asian equities. The euro rises to $1.1090. Gold hits a new record, oil rangebound.

Fed: WSJ preview says the size of a Federal Reserve rate cut next week "is shaping up to be a close call."

US: Former President Donald Trump rules out another presidential debate with "Comrade Harris", pledges to "end all taxes on overtime."

Trade: The US calls for "purposeful statements" from European allies to stave off Chinese influence as a reaction to "widespread" Chinese cooperation with Russia's war economy.

== EUROPE:

ECB: The European Central Bank isn't ruling out an October cut yet due to downside risks to economic growth (Bloomberg sources). Reuters sources say a rate cut in October is unlikely barring a major deterioration in the outlook for growth. Governing Council (GC) member Joachim Nagel says core inflation should retreat with slowing wage growth and sees inflation reaching 2% by the end of next year (Deutschlandfunk). GC member Gediminas Simkus says inflation is "calming down" and "its trajectory suggests that further rate cuts must happen." Italian ministers say the 25bps step by the ECB shows a "lack of courage."

EU/Autos: ACEA draft paper calls for a delay of 2025 emission targets to 2027 to avoid 16 billion euros of fines (Bloomberg sources).

Germany: The latest infratest-poll sees SPD (26%, +3pp) close in on AfD (27%, unchanged) nine days ahead of the regional election in Brandenburg. CDU 16% (-2pp), BSW 13% (-2pp), rest below the 5% hurdle.