06:16 AM EDT, 10/15/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasury and Bund futures bounce sharply overnight MOnday as oil slides. US equites close at new record highs, e-minis remain supported, Nikkei rises above 40,000. The US dollar rallies with the euro below $1.09.

Fed: Federal Reserve Governor Christopher Waller thinks the Fed should "proceed with more caution" at "a deliberate pace," but still sees "considerable" room for cutting above the neutral rate. Minneapolis Fed President Neel Kashkari expects "further modest" cuts, says private credit could reduce systemic risk.

US weighs capping exports of high-end chips to some countries with a focus on the Middle East (Bloomberg).

IMF: The International Monetary Fund says global public debt will exceed $100 trillion this year and rise more quickly than forecast (Fiscal Monitor).

Middle East: Israel's Prime Minister Benjamin Netanyahu agrees to limit retaliation against Iran to military targets, not oil and nuclear (Washington Post).

== EUROPE:

Italy: The government plans a hefty tax cut on wages in Tuesday's budget discussion and raising four billion euros in additional revenues from adjusting corporate taxes (Bloomberg).

Latvia adopts the 2025 budget with a 2.9% deficit (two billion euros).

Germany: Four states with Volkswagen plants are working together to preserve all sites (Reuters).

UK: British Prime Minister Keir Stamer denies media reports about plans to hike capital gains tax to 39%. Finance Minister Rachel Reeves plans National Wealth Fund to catalyze billions of investments into growth sectors. Britain has no plans for European Union-style tariffs on Chinese electric vehicles.

== ASIA:

China: The finance ministry considers issuing CNY6 trillion ultra-long special government bonds over three years (Caixin). The government started enforcing tax on ultra-rich for overseas investment gains (Bloomberg).