06:33 AM EDT, 09/26/2024 (MT Newswires) -- Commerzbank in its early Thursday "European Sunrise" note highlighted:

Markets: United States Treasuries continue to weaken in late New York session, modestly consolidate in Asia. Equity futures edge higher in Asia. The euro stabilizes around $1.114 after a drop; the yen rises to 145 versus the USD. Brent finds support around $73.5/barrel.

Fed: Federal Reserve Governor Adriana Kugler "strongly supported" last week's 50bps cut and considers additional cuts appropriate if inflation continues to ease as expected.

US: Congress passed a short-term funding measure to avoid shutdown until Dec. 20. President Joe Biden informed Ukraine President Volodymyr Zelenskiy that US assistance will "surge".

Middle East: The US, Europe and other allies have proposed a three-week cease-fire in Lebanon to clear the way for negotiations.

== EUROPE:

France: Finance minister says this year's growth should be 1.1%.

Italy doesn't plan to impose tax on extra company profits. The government is in talks with banks about a contribution to state financing.

Germany: After the resignation of the Green leadership on Thursday, the board of the youth organization announced its intention to leave the party. Robert Habeck wants to stay as economy minister.

Italy: Treasury plans to launch new BTPs Oct27 and Nov31 in Q4. Indicates gross 2024 volume of 350 billion euros.

== ASIA:

China: Politburo vowed to complete annual economic goals, ensuring necessary fiscal spending and implementing "forceful" rate cuts. Sources report that China is considering injecting $142 billion into the largest state banks to jumpstart the economy.

Japan: A central bank board member said that there would a further adjustment of monetary easing if inflation were to develop in line with expectations (Minutes).