06:26 AM EDT, 10/25/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: United States Treasuries pare gains into New York close, recover in Asia as flattening extends. Asian equities, e-minis little changed. USD, Oil stable overnight Thursday.

==EUROPE:

ECB: European Central Bank Governing Council (GC) member Philip Lane expects services inflation to fade in coming months. GC member Martins Kazaks calls the economy the "single biggest concern," acknowledges domestic price pressures are "somewhat sticky" and sees no need to go below neutral. GC member Madis Muller pushes back against big steps, prefers a "measured pace." GC member Gabriel Makhlouf would need "powerful" data for big cuts, prefers a "cautious" approach and still worries about services inflation. GC member Pierre Wunsch thinks discussion about 50bps in December would be "premature," wouldn't "over-dramatize" inflation slowdown.

BoE: Bank of England policymaker Catherine Mann sees "a long way to go" on services inflation and warns cut may have been premature.

Germany: 52% would prefer CDU leader Friedrich Merz, 25% current Prime Minister Olaf Scholz as the next premier (Civey).

UK: GfK Consumer Confidence fell to -21 in October, the lowest level since March

Poland plans (13 billion-15 billion of euro- and US dollar-bonds in 2025, won't issue further euro- or US dollar- bonds this year.

==ASIA:

Japan: Bank of Japan Governor Kazuo Ueda signals no hike next week, believes "we have enough time" to examine data.

China: The central bank leaves one-year MLF unchanged at 2%, as expected. US Treasury Secretary Janet Yellen criticizes recent stimulus for not addressing overcapacity and weak domestic demand. IMF's Managing Director Kristalina Georgieva warns Chinese growth could drop "way below" 4% in the future without reforms to lift domestic consumption.