06:46 AM EDT, 09/30/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries slightly soften into the New York close, trade sideways in Asia. EUR in narrow range around $1.172, oil continues to soften, gold edges higher.

Fed: NY Federal Reserve Bank President John Williams says risks to employment are getting a little higher, while some of the inflation risks have come down. St. Louis Fed President Alberto Musalem sees rates between modestly restrictive and neutral.

U.S.: Vice President JD Vance believes the government is heading for a shutdown, blames Democrats for refusing to adopt a short-term spending bill. President Donald Trump will deliver an announcement at 4 p.m. CEST.

Trade: Trump sets a 10% tariff on softwood timber and lumber imports, citing concerns over "national security and economic stability."

Middle East: Israel's Prime Minister Benjamin Netanyahu supports the 20-point peace plan for Gaza presented by Trump.

==EUROPE:

France: Central bank head Francois Villeroy de Galhau says the "number one problem now are debt and deficit" and the economy is facing an increasing risk of being increasingly suffocated by debt. The government is considering raising "single flat-rate levy" on capital income (Les Echos).

==ASIA:

China: Manufacturing PMI rises stronger than expected to 49.8 (consensus: 49.6), while non-manufacturing declines more than expected to 50 (consensus: 50.2). RatingDog PMIs are better than expected.

Japan: Industrial production falls 1.3% year over year, while the consensus was -0.9%.