Commerzbank on Overnight News

06:45 AM EDT, 08/22/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: Long-end United States Treasury yields decline in late New York session after strong TIPS auction, steady in Asia. Equities trade mixed, e-minis cheapen a tad, China gains. EUR drops noticeably, below $1.159 early Friday, as the US dollar (USD) rally continues. Brent steady around $67.5/barrel.

Fed: Federal Reserve Cleveland President Beth Hammack says she wouldn't cut rates if a decision were to be made on Saturday.

Fed: Department of Justice plans to investigate Lisa Cook and encourages Federal Reserve Chair Jerome Powell to remove her as governor.

Tariffs: The European Union is pushing to reduce 15% the U.S. tariff on cars and spirits exports. White House economic advisor Peter Navarro expects 50% tariffs on India to kick in next week for purchasing Russian oil.

U.S.: The Trump administration isn't seeking equity stake in chipmakers, which are increasing U.S. investments.

Russia-Ukraine war: President Donald Trump says the world will know whether there will be peace in Ukraine in about two weeks. Also says that Ukraine has no chance of winning the war without striking Russia.

==EUROPE:

EU officials are speeding up plans for a digital euro amid competitiveness concerns after the U.S. passed the Genius Act (FT).

Germany plans to lower power prices from 2026 with 6.5 billion euros subsidy.

Italy: Tesoro announces to tap BTP Short Term 2.1% Aug27 for 2.5 billion-3 billion euros on Tuesday.

==ASIA:

Japan: The consumer price index for July slowed to 3.1% year over year, while CPI excluding fresh food and energy remained unchanged at 3.4%, both as expected.

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