Commerzbank on Overnight News

06:25 AM EST, 01/08/2026 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries weaken in late New York session, recover in Asia. E-minis extend losses alongside weaker Asian equities. Key foreign exchange pairs mostly unchanged. Brent hovers around $60.25.

Fed: Federal Reserve Vice Chair for Supervision Michelle Bowman says the Fed is revisiting how it issues certain bank ratings.

U.S.: President Donald Trump calls for a record $1.5 trillion defense budget, up 50% in FY 2027, orders defense firms to cut dividends and buybacks.

U.S.: President Trump says he will seek to ban institutional investors from buying single-family homes. Vice President JD Vance says Trump will make announcement on housing in the coming weeks.

U.S.: President Trump signs a memorandum withdrawing the U.S. from 66 international organisations.

Venezuela: Energy Secretary Chris Wright says the U.S. administration plans to control Venezuela's oil exports indefinitely. Revenues would be held in Treasury accounts and will be used only to buy U.S.-made goods.

Venezuela: Oil companies warn they need guarantees to invest in the country (FT).

Oil: President Trump wants to lower oil prices to $50/barrel (WSJ).

==EUROPE:

ECB: Governing Council member Alvaro Santos Pereira sees no reason for the European Central Bank to adjust monetary policy at the current stage, urges reforms to deepen the single market.

EU: European Trade Commissioner Maros Sefcovic says the bloc may temporarily suspend carbon border levies on goods, including fertilizers.

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