06:26 AM EDT, 10/02/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries jump with Middle East headlines, but flight-to-quality move fades into the close. E-minis reverse gains, stabilize in Asia. Asian equities mixed, US dollar and oil fades initial rise, then stabilize.

US: House Republicans put pressure on President Joe Biden to intervene in the port strike.

US: New Quinnipiac poll shows former President Donald Trump leading in Georgia and slightly ahead in North Carolina. Meanwhile, JD Vance is perceived to have won the vice predintial debate (Politico).

US car sales increased slightly more than expected in September. Atlanta Fed GDPNow for Q3 falls to 2.54% from 3.08%.

Middle East: Iran launches largest-scale attack ever against Israel. Tehran says action has concluded, Israel says attacks will have consequences. Biden says "the US is fully, fully, fully supportive of Israel."

== EUROPE:

ECB: European Central Bank Governing Council member Martins Kazaks says recent data point to a cut in October, but "would warn the markets against running ahead of themselves" as it is "too early to say we're done with inflation" and "rates must stay somewhat restrictive for now."

SNB: Martin Schlegel says downard risks to inflation are bigger than upside risks, will ease if necessary, doesn't exclude foreign exchange intervention.

Germany: BMW urges the government to vote against European Union tariffs on Chinese electric vehicles.