06:15 AM EST, 12/03/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries steepen into close after curve had briefly inverted, bear-steepen further in Asia. US equities close on record highs, e-minis and Asian equities remain supported. The US dollar trades higher, Brent and gold remain rangebound.

Fed: Atlanta Federal Reserve President Raphael Bostic is undecided for the December meeting, but supports lowering rates over the next months, as inflation is on a sustainable path to 2%. Federal Reserve Governor Christopher Waller is leaning towards a cut if data doesn't surprise. Federal Reserve Bank of New York President John Williams thinks policy is still restrictive, says more cuts are likely needed over time.

US: US President-elect Donald Trump reiterates opposition to US Steel takeover by Nippon, picks Warren Stephens as United Kingdom ambassador. Separately, warns of 'hell to pay' if Israeli hostages aren't released before his inauguration.

US: Atlanta Fed GDPNow advances to 3.16% in Q4, up from 2.69%.

==EUROPE:

UK: Prime Minister Keir Starmer says the UK won't choose between Trump and European allies, advocates 'hard-headed realism'.

==ASIA:

China: Central bank chief signals continued support for the economy in 2025, promises to 'step up counter-cyclical policy adjustment', including ample liquidity and lower borrowing costs.