Commerzbank on Overnight News

05:56 AM EST, 02/20/2026 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: United States Treasuries recover into the New York close, stay supported in Asia as Japanese government bonds rally. Equities also recover with Private Credit concerns easing as Blue Owl shares pare losses into close. The US dollar (USD) is supported. Oil rises to the highest level since June.

Fed: Federal Reserve Governor Stephen Miran says he would move his dot back up to where it was in September (2.75% instead of 2.25%) due to the improving labor market. San Francisco Federal Reserve President Mary Daly says policy is "in the right place."

U.S.: President Donald Trump instructs federal agencies to release documents on aliens and UFOs.

Iran: President Trump gives a maximum 15-day deadline, weighs limited early strike to bring Tehran to negotiating table (WSJ).

==EUROPE:

ECB: European Central Bank President Christine Lagarde says her "baseline" is finishing her term (WSJ). She renews calls for countries to cooperate (speech).

European Union and United Kingdom plan summit in July to reset trade ties (HB).

Europe's five biggest military spenders (U.K., France, Germany, Italy, Poland) will announce plans on Friday to jointly develop low-cost air defense weapons (Bloomberg).

==ASIA:

Japan: Inflation fell slightly more than expected in January, with core at 2.6% year over year, while the consensus was at 2.7%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.