06:31 AM EST, 11/05/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries slip ahead of weak three-year auction, then recover. E-minis are rangebound, Asian equities supported with China in the lead after Caixin. The US dollar recovers, oil is little changed.

US: Republican presidential candidate Donald Trump and his Democratic rival Kamala Harris conclude campaign rallies in Pennsylvania. Harris' campaign says the results may not be known for several days.

USTs: FSB mulls deep dive into basis trade (Bloomberg).

==EUROPE:

Germany: After a crisis meeting with Prime Minister Olaf Scholz and Finance Minister Christian Lindner, Economy Minister Robert Habeck warns of the danger of coalition collapse at this critical juncture. A crucial coalition committee meeting is scheduled for Wednesday. Habeck suggests unused Intel subsidies could be used to plug the budget hole.

Banks: European Central Bank's supervisory chief Claudia Buch says the European Union should implement Basel III capital standards regardless of the US, banks must not be at a disadvantage to US competitors (interview).

Eurogroup is "cautiously positive" about the stability of the financial sector, urges progress towards completing the Banking Union, ratification of ESM treaty.

UK: BRC retail sales fall more than expected to 0.3% year over year while the consensus saw 1.4%. DMO plans three gilt syndications in Q1.

Ukraine says it has attacked North Korean troops in Kursk.

==ASIA:

China: Caixin Services PMI rose clearly more than expected to 52 from 50.3 while the consensus was 50.5). Prime Minister Li Qiang sees "ample space for fiscal and monetary policy."