06:29 AM EST, 11/07/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries range bound, after a strong 30-year auction with the highest b/c since 2018. Front-end slightly better bid. E-minis remain on the highs. EUR remains below $1.075. Brent trades around $75.25/barrel.

==EUROPE:

Germany: Prime Minister Olaf Scholz fires Finance Minister Christian Lindner, says Germany needs greater financial leeway to master its challenges. Economy Minister Robert Habeck takes over the finance ministry. All FDP ministers want to withdraw. Scholz wants to hold a confidence vote on Jan. 15, which could clear the way for new elections by March. Habeck says Lindner blocked a resolution to exceed the budget. Lindner says Scholz has precipitately calculated the collapse of the coalition by asking him to violate the debt brake. Opposition parties call for immediate confidence vote and earlier new elections.

ECB: European Central Bank Governing Council member Francois Villeroy de Galhau warns of risks to global economy amid United States Donald Trump presidency.

European Union members are discussing a joint air shield which would cost 500 billion euros.

Ireland: The parliamentary election is called for Nov. 29.

UK: British Finance Minister Rachel Reeves says she would fight to maintain "free and open trade" with the US.

Ukraine: President Volodymyr Zelenskiy claims he had an "excellent" call with incoming US President Donald Trump.

==ASIA:

China: Exports rise 12.7% -- consensus 5% -- while imports fall 2.3% -- consensus was for a 2% drop. Chinese President Xi Jinping congratulates Trump on victory.