Commerzbank on Overnight News
BY MT Newswires | ECONOMIC | 10/07/25 06:35 AM EDT06:35 AM EDT, 10/07/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:
Markets: United States Treasuries, Bund- and OAT-futures are little changed. Japanese government bonds rally after 30-year auction. Equities stay firm, US dollar (USD) and oil supported, gold hits a new high.
Fed: Kansas City Federal Reserve Bank President Jeff Schmid says rates are "appropriately calibrated," monetary policy should "lean against demand growth" to relieve price pressures.
U.S.: President Donald Trump announces 25% duties on imports of medium- and heavy-duty trucks starting in November.
==EUROPE:
France: President Emmanuel Macron tasks Sebastien Lecornu "with the responsibility of conducting final negotiations by Wednesday evening in order to define a platform for action and stability for the country." Former Finance Minister Bruno Le Maire says a new cabinet can be formed after his exit.
ECB: President Christine Lagarde reiterates at European Union hearing that "ECB is in a good place." The European Central Bank is "very attentive" to using frozen Russian assets (speech).
BoE: Bank of England Governor Andrew Bailey says the United Kingdom must boost investment and should be optimistic about AI.
U.K.: Inflation delivers net five billion pounds revenue boost to budget (FT). Steel industry warns of "biggest crisis" due to new EU tariffs.
Germany: The government confirms extension for electric vehicle tax exemption until 2035.
==ASIA:
Japan: Finance Minister Katsunobu Kato will closely watch any excessive foreign exchange moves.
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