06:42 AM EDT, 09/23/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States equities close at fresh record highs, e-minis trade sideways. U.S. Treasuries bear-flatten modestly. The US dollar (USD) weakens, with the euro (EUR) back above $1.18, ARS extends rally. Oil is rangebound.

Fed: Cleveland Fed President Beth Hammack says the Fed "should be very cautious in removing monetary policy restriction," is worried about economy overheating again. St. Louis Fed President Alberto Musalem sees limited room for more cuts, says current rates are "between modestly restrictive and neutral." Richmond Federal Reserve President Thomas Barkin sees wage pressure "steadily coming down." Governor Stephen Miran lays out the case for aggressive cuts in his first Fed speech.

Middle East: France recognizes Palestine along with Saudi Arabia at the United Nations conference, President Emmanuel Macron says "nothing justifies the ongoing war in Gaza."

Ukraine accepts the International Monetary Fund forecast of a larger $65 billion international financing gap.

Argentina: Treasury Secretary Scott Bessent says the U.S. is ready for "large and forceful" intervention to help stabilize markets.

Nvidia announces investment of up to $100 billion in OpenAI.

==EUROPE:

ECB: European Central Bank Governing Council Joachim Nagel is overall "not concerned about the current valuation of the euro," says the euro needs an enhanced global role, but it cannot over take the US dollar.

BoE: Bank of England Governor Andrew Bailey says AI can help regulators to find the smoking gun.

Germany: Finance minister doesn't expect economic momentum to increase significantly in the near term. Tax revenues were up 2% year over year in August (monthly bulletin).

==ASIA:

China: The central bank (PBoC) will focus on "domestic priorities."