Commerzbank on Overnight News
BY MT Newswires | ECONOMIC | 10/23/25 06:19 AM EDT06:19 AM EDT, 10/23/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:
Markets: United States Treasuries recover into 20-year auction, sideways in Asia. E-minis recover while Asian equities weaken. EUR falls below $1.16, oil rises on U.S. sanctions.
U.S.: Treasury Secretary Scott Bessent says the U.S. economy is looking good, might see a lower consumer price index in the coming months.
Trade: The Trump administration is considering broad restrictions of exports to China made with U.S. software (Reuters sources). President Donald Trump says he plans to talk with Chinese President Xi Jinping about Russian oil.
U.S./Russia: U.S. targets Rosneft and Lukoil in latest round of sanctions. Russian oil supply to India is now set to fall close to zero (sources).
==EUROPE:
France: Six LR ministers of "Lecornu 2" governmentThe are suspended by their party.
Germany: The economy ministry convened a crisis meeting with car producers late Wednesday to discuss chips supply shortage.
EU/Russia: The European Union approves the 19th sanctions package against Russia, banning liquefied natural gas imports in two stages by 2027. 26 of 27 governments will approve the Russian asset deal in principle on Thursday, with Hungary absent, but legal issues still need to be resolved (HB).
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