06:34 AM EDT, 10/07/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Monday highlighted:

Markets: United States Treasuries stabilize in Asia while stocks remain underpinned after opening higher. E-minis consolidate. DXY is rangebound with the euro hovering around $1.097. Brent retreats, then stabilizes below $78/barrel.

Fed: Chicago Federal Reserve President Austan Goolsbee says the whole labor market report is a "superb report." Inflation and employment are in "good place", and the Fed should do what it can to "freeze" them in place.

US: Former President Donald Trump would raise US debt by twice as much as Harris (FT). New York Fed GDP Nowcast for Q3 rose from 2.99% to 3.06% and dipped for Q4 from 2.8% to 2.76%.

CFTC: Hedge funds add to record shorts in two- and 10-year, pared near-record net shorts in UST bond futures.

== EUROPE:

ECB: Francois Villeroy de Galhau says the European Central Bank will "quite probably" cut rates this month, and that the "balance of risks is shifting" as market expectations for inflation in 2025 are below 1.8%, even lower than the ECB's forecast (Repubblica).

Germany: The government is set to revise down its gross domestic product forecast for 2024 to a 0.2% contraction from 0.3% growth and to raise it for 2025 to 1.1% expansion from 1%, followed by 1.6% in 2026 (SZ). Nursing care insurance could run out of money as early as February (media).

France: Prime Minister Michel Barnier faces a no-confidence vote in parliament on Tuesday, brought by Leftist New Popular Front, while Marine Le Pen's National Rally won't support it (AFP).