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Commerzbank on Overnight News
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Commerzbank on Overnight News
Sep 22, 2024 11:51 AM

06:16 AM EDT, 09/18/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasury offered into New York close, continue to trade weak in Asia led by the front-end. US equity futures little changed, US dollar soft, oil consolidates.

US: House plans to vote on Wednesday on a stopgap spending bill to extend government funding for six months.

US: Domestic bank mergers will face steeper regulatory hurdles under new guidelines from three agencies, FDIC to consider community needs and anti-competitive aspects.

IMF: The International Monetary Fund has indefinitely postponed its annual economic consultations with Russia (TASS).

== EUROPE:

France: The central bank expects domestic inflation to fall to 1.5% next year, which is 0.2 percentage point lower than the prior forecast and leaves the growth forecast unchanged at 1.2%.

Germany: Government, KFW and business associations sign a declaration to invest 12 billion euros by 2030 to strengthen the venture capital environment for startups.

Italy: Treasury announces ad-hoc taps of BTPs 2.5% Dec32, green 4% Apr35 and 0.95% Mar37 for a combined max of three billion euros for Wednesday.

== ASIA:

China: 42 listed domestic banks saw a combined CNY6.73 trillion in new deposits H1, CNY9.67 trillion less than in H1 2023 (Shanghai Securities News).

Japan: Adjusted trade deficit falls much less than expected in August as exports and imports disappoint.

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