06:13 AM EST, 11/14/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries are better offered in Asia amid mixed stocks and weaker e-minis. DXY gains with EUR falling to $1.054. Brent hovers around $72/barrel.

Fed: Kansas City Federal Reserve Bank President Jeffrey Schmid says "it remains to be seen how much further interest rates will decline or where they might eventually settle," as rising debt could "boost interest rates." St. Louis Fed President Alberto Musalem sees gradual rate cuts if inflation keeps falling, but inflation risks have risen.

US: Republicans maintain a majority in the House. Incoming President Donald Trump will nominate Marco Rubio as Secretary of State, hardliner Matt Gaetz as Attorney General. The budget deficit widens more than expected to $257.5 billion in October while the consensus was $232.5 billion.

==EUROPE:

France: Prosecutors seek five-year election ban for far-right leader Marine Le Pen.

Banks: French President Emmanuel Macron calls on the European Union to delay Basel rules and "synchronise" its financial regulation with the US. Banco BPM buys a 5% Monte Paschi stake in the Italian bank.

Tariffs: President Macron warns that the EU risks being thrown into a simultaneous trade war with the US and China. "We're clearly entering a world of tariff wars."

UK: British Finance Minister Rachel Reeves plans to create "mega pension funds," which could unlock 80 billion pounds in extra investment. RICS house price balance surprisingly rises to 16% from 11%.

Ukraine could develop a rudimentary nuclear bomb within months if Trump withdraws military assistance (Times). Trump to appoint Ukraine peace envoy to lead negotiations on ending the war "soon".

==ASIA:

Japan: The government plans a supplementary budget to fund a 13.5 trillion yen stimulus package.