06:33 AM EST, 12/11/2024 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries better bid in the late New York session, weaken in Asia. US equities close slightly lower, Asian stocks are mixed, e-minis trend sideways. EUR steady around $1.053. Brent rises back above $72.5/barrel.

US: Treasury Secretary Janet Yellen warns President-elect Donald Trump's tariffs could derail inflation progress; adds that Trump shouldn't compromise Federal Reserve independence. Trump says anyone investing $1 billion or more in the US "will receive fully expedited approvals and permits".

==EUROPE:

France: President Emmanuel Macron seeks to appoint a new prime minister "within 48 hours" and aims to avoid new parliament elections before the end of his term in 2027 (Bloomberg).

Germany: Prime Minister Olaf Scholz is in favor of reducing sales tax on everyday food products from 7% to 5%. He is due to formally request next Monday's confidence vote on Wednesday.

EU announces H1 2025 bond issuance target of 90 billion euros in six syndications and seven auctions, including three-leg auctions as of Q2. There will also be three-leg bill auctions with new 12-month maturities (Funding plan).

France: The central bank expects Q4 growth to slow to 0%.

UK: Labor unions reject government proposal of 2.8% pay rise for NHS staff for 2025-26. The United Kingdom is open to joining the EU's 1.5 billion euros defense fund (Bloomberg sources).