Commerzbank on Overnight News

06:38 AM EST, 11/12/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasury yields open lower after the holiday, long-end weakens in Asia. Equity futures are up, except for Asia. EUR declines to $1.1575. Brent remains close to $65/barrel after Tuesday's rally.

U.S.: White House economic adviser Kevin Hassett says some economic surveys haven't been completed due to the government shutdown. He thinks U.S. growth will return to 3%-4% by Q1 2026.

U.S.: President Donald Trump thinks the House will "vote positively" on the shutdown. Says the U.S. needs talented international workers.

==EUROPE:

ECB: European Central Bank Governing Council (GC) member Martin Kocher says U.S. tariffs hurt less than expected and there is hope for a stable recovery.

Digital Euro: The ECB is against the European Parliament proposal to launch a digital euro only offline.

France: A central bank (BdF) survey finds that the economy will expand "slightly" in Q4.

Spain: ECB GC Jose Luis Escriva expects the Spanish economy to keep growing at the current pace.

U.K.: United Kingdom Prime Minister Keir Starmer's allies privately accuse Health Secretary Wes Streeting of plotting to replace PM, say Starmer will fight on (Guardian).

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