06:18 AM EST, 11/27/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries bull-steepen after digesting five-year auction, US equities close at record highs, e-minis sideways in Asia. Asian equities mixed, EUR recovers from losses. Brent falls below $73/barrel, Gold higher.

Fed: Chicago Federal Reserve Bank Austan Goolsbee says it's 'perfectly sensible' to slow down the pace of cuts as the rate gets closer to neutral.

Fed: Minutes show support for a gradual approach regarding future cuts, noting uncertainty about the level of the neutral rate making assessment of restrictiveness more difficult. Officials stress labor market risks 'decreased somewhat' but core inflation remains elevated.

US: President-elect Donald Trump chooses Jamieson Greer as US Trade Representative, picks Kevin Hassett as chair for National Economic Council.

Middle East: Israel and Hezbollah agree to 60-day ceasefire.

==EUROPE:

France: Prime Minister Michele Barnier sees financial market storm if budget isn't passed, reiterates aim to cut the deficit to 5% of gross domestic product. French media reports President Emmanuel Macron believes Barnier to be ousted soon by a non-confidence vote of NFP and RN (Le Parisien).