06:44 AM EST, 11/21/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries slightly weaker after a soft 20-year auction with the highest yield since April, better bid in Asia. Asian stocks are mixed, e-minis slightly weaker, led by tech, despite strong Nvidia numbers. EUR recovers to $1.055. Brent trades around $73/barrel.

Fed: Federal Reserve Bank of Boston President Susan Collins says more policy easing is needed, while "final destination is uncertain." Federal Reserve Governor Lisa Cook favors cutting rats to a more neutral stance, describing the employment and inflation goals as roughly in balance." Federal Reserve Bank of New York President John Williams expects inflation to cool, rates to fall further. Federal Reserve Governor Michelle Bowman prefers caution in bringing down rates as inflation goal isn't yet achieved.

US: Trump is in discussion to create a new White House post dedicated to cryptocurrency policy. Bitcoin exceeds $97k.

==EUROPE:

ECB: European Central Bank Governing Council (GC) member Francois Villeroy de Galhau says inflation could be "sustainably at 2% in early 2025" and "victory against inflation is in sight;" sees risks to growth and inflation shifting to the downside with US tariffs unlikely to alter the inflation outlook significantly. He adds that the ECB should continue to reduce restrictions and has "full optionality" at future meetings. GC member Yannis Stournaras expects the 2% inflation target to be reached at the start of 2025, warns of undershooting the goal.

BoE: Bank of England Deputy Governor Dave Ramsden says he would favor quicker cuts if uncertainty around the economy clears in coming months.

Germany: Tax revenue rose 8.2% year over year in October and 3.3% year over year during the first 10 months, according to the finance ministry.

EU is poised to approve France's 2025 budget proposal next week which includes 60 billion euros in tax increases and spending cuts (Bloomberg sources).

Banks: ECB GC member Gabriel Makhlouf warns bank executives to be "sensible" with deregulatory changes they may push for in the wake of Donald Trump's impending US presidency.

==ASIA:

Japan: Prime Minister Shigeru Ishiba is to unveil a 21.9 trillion yen stimulus package including subsidies and cash handouts to low-income households.