Commerzbank on Overnight News

06:36 AM EDT, 09/10/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: 10-year sector leads United States Treasury weakening into New York close, stabilization in Asia. Most equity futures have moderate gains. The euro (EUR) drops below $1.17 before recovering slightly. Brent increases to $67/barrel.

Fed: Judge rules that Federal Reserve Governor Lisa Cook can remain on the job for now. Treasury Secretary Scott Bessent says Fed is "choking off growth with high rates," urges recalibration of rates after revised payrolls.

U.S.: President Donald Trump considers new tariffs on China and India to push Russian President Vladimir Putin to negotiate over Ukraine, but only if the European Union nations join.

U.S.: Trump nominee Stephen Miran unlikely to be confirmed in time to participate in this month's rate-setting decision at the Federal Reserve.

U.S.: Bipartisan group of lawmakers to make first China trip since 2019 later this month (NBC).

Middle East: Trump says he is "not thrilled" by Israel's strikes on Qatar. German Prime Minister Friedrich Merz calls strikes "unacceptable."

==EUROPE:

France: President Emmanuel Macron appoints ally Sebastien Lecornu as new prime minister.

France: Central bank (BdF) expects 0.3% growth in Q3 despite political uncertainties.

Poland shot down Russian drones violating its airspace.

==ASIA:

China: The consumer price index for August fell -0.4% year over year (consensus was -0.2%) and the producer price index is down -2.9% year over year (consensus was -2.9%).

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