06:06 AM EDT, 10/31/2024 (MT Newswires) -- Commerzbank in its "Euroepan Sunrise" note of Thursday highlighted:

Markets: United States Treasury bearish flattening accelerates into New York close, USTs turn better supported in Asia. SPX also falls into close, e-minis weaken further. Yen and Japanese government bonds gain, euro trades around $1.085, Brent at $73/barrel.

==EUROPE:

ECB: Europea Central Bank President Christine Lagarde says that the inflation goal is in sight and data will decide on size and sequence of cuts (Le Monde interview). Governing Council member Joachim Nagel advises ECB to be "cautious and not to rush" regarding future rate cuts.

Netherlands: October HICP rises 0.6% month over month while the consensus was 0.7%, 3.3% year over year while the consensus was 3.3%, same as last month.

Germany: Volkswagen lays out a cost-saving proposal that would avert plant closures.

EU plans to send an envoy to China to discuss an alternative to electric vehicle tariffs.

UK: British DMO chief tells Reuters that markets are well-prepared for higher gilt issuance.

==ASIA:

China: Manufacturing PMI increases to 50.1 while the was consensus 49.9, while Services PMI increases to 50.2

while was consensus 50.3.

Japan: Retail sales increase 0.5% year over year, while consensus was 2.1%, while industrial production declines 2.8% year over year versus consensus drop of 3.2%).

BoJ keeps target rate unchanged at 0.25%, as expected.