06:21 AM EDT, 03/25/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries weaken further into New York close as equities advance, stabilize in Asia. Major foreign exchange crosses are little changed, oil supported.

Fed: Federal Reserve Bank of Atlanta President Raphael Bostic now sees only one rate cut this year, rather than two, as inflation won't get back to 2% until early 2027 due to tariffs.

Tariffs: President Donal Trump says he will proceed with auto tariffs "over the next few days," April 2 to focus on reciprocal tariffs, but he "may give a lot of countries breaks."

U.S.: The Trump Administration accidentally included a journalist in Signal chat group discussing military strikes in Yemen and other confidential matters.

Ukraine embraces the idea of a full ceasefire, Trump says the mineral deal is "just about completed."

==EUROPE:

ECB: European Central Bank Governing Council member Jose Luis Escriva says "growth risks are more on downside than upside."

UK: Bank of England Governor Andrew Bailey says tariffs and aging population threaten the economy.

Italy: Finance Minister Giancarlo Giorgetti says high debt is Italy's main constraint regardless of European Union rules.

Germany: Incoming Prime Minister Friedrich Merz and co-leader of Germany's Social Democrats, Lars Klingbeil, voice optimism after 16 working groups submitted first results of coalition talks, updated time-table to be revealed mid-week.

Austria may need budget savings of up to 12 billion in 2025 to get the deficit to 3% of gross domestic product (Standard).

==ASIA:

Japan: Bank of Japan Governor Kazuo Ueda says still-large quantitative easing holdings continue to weigh on long-term yields.