Commerzbank on Overnight News

06:24 AM EDT, 03/13/2026 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: United States Treasuries fall in the New York session, turn sideways in Asia. U.S. equities close lower, e-minis little changed amid weaker Asian equities. The US dollar (USD) trades stronger. Brent is back around $100/barrel.

U.S. says it will allow countries to buy Russian oil stranded at sea for the next 30 days. Treasury Secrertary Scott Bessent says the approach is "narrowly tailored" and "will not provide significant financial benefit to Russian government."

Banks: U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman says the Fed will unveil relaxed capital proposals in the coming week.

Iran: The Islamic Revolutionary Guard Corps (IRGC) warns it will "set the region's oil and gas on fire" if Iranian energy infrastructure and ports are targeted. Iran's United Nations ambassador contradicts newly-appointed Supreme Leader Mojtaba Khamenei, says Tehran will keep Strait of Hormuz open but reserves "right to preserve peace and security" in the waterway.

Iran: President Donald Trump says the U.S. is "totally destroying" the regime militarily and economically, thinks the new supreme leader is alive but "damaged", "watch what happens."

=EUROPE:

ECB: European Central Bank Governing Council member Francois Villeroy de Galhau sounds a warning on Private Credit liquidity risks, while private equity could also boost economic activity in Europe.

ECB: Only 7% respondents expect an ECB hike by December in a BBG survey conducted March 6-11.

==ASIA:

Japan: Finance Minister Satsuki Katayama says financial authorities are prepared to take all necessary measures on currency under all circumstances.

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