06:25 AM EDT, 09/25/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries edge higher into New York close, slightly weaker in Asia, with the curve steepening. E-minis recover early opening losses, Asian equities supported. The euro is edging higher to $1.12, Brent hovers around $75/barrel.

Fed: System Open Market Account portfolio manager Roberto Perli says FOMC isn't yet near the point of stopping the balance sheet runoff. Point is likely to be reached when reserves are somewhat above the ample level.

US: Former President Donald Trump offers Germany car deal with "lowest taxes, the lowest energy costs and the lowest regulatory burden and free access to the best and biggest market on the planet, but only if you make your product here in America."

IMF: The International Monetary Fund says the US is on track for a soft-landing, acknowledges the Federal Reserve "got it right" with holding rates steady.

== EUROPE:

ECB: European Central Bank Klaas Knot expects gradual rate cuts "in the near future" and first half of 2025, says rates should settle somewhere "starting with a 2."

Germany: Bundesbank President Joachim Nagel says the German economy remains weak but can slowly pick up speed again, emphasizing that some longer-term structural problems must be addressed.

EU: The European Commission climate commissioner says the European Union won't allow China to threaten its industry during the transition to a clean economy.

== ASIA:

China: The central bank cuts the one-year rate to 2% from 2.3% and withdraws CNY291 billion via the medium-term lending facility.