06:38 AM EDT, 10/03/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: United States Treasuries stable in late New York session, long-end weakens in Asia. Equity futures moderately higher, led by Nikkei, while Hang Seng down. The euro (EUR) recovers from Thursday's drop, stabilizses above $1.172. Brent trades closely below $64.5/barrel.

Fed: Federal Reserve Bank of Chicago President Austan Goolsbee says the economy is still growing "pretty solidly." Federal Reserve Bank of Dallas President Lorie Logan expects a slower normalization of policy path to ensure getting to 2% inflation.

U.S.: President Donald Trump reiterates plans to fire federal workers. White House officials are discussing proposals to extend enhanced subsidies for Affordable Care Act health-insurance plans (WSJ).

Middle East: Egypt is pushing Hamas to accept Trump's Gaza deal.

==EUROPE:

ECB: European Central Bank Governing Council member Francois Villeroy de Galhau calls on policymakers to strengthen the international role of the euro, including increasing the volume of safe assets.

Italy: The Government estimates budget deficit of 3.0% in 2025, while earlier it was 3.3%.

Belgium: Prime Minister Bart De Wever called the proposal to unlock funding from frozen Russian assets a "big gamble" that requires ironclad risk-sharing among European Union member states.

France: PM Sebastien Lecornu to hold talks with lawmakers on Friday, seeking an agreement on the budget.

Germany: Flights suspended at Munich airport late Thursay after drone sightings.

U.K.: The United Kingdom's Office for Budget Responsibility (OBR) expected to lower its assumptions for productivity gains, causing the budget hole to increase by 15 billion pounds to 20 billion pounds (Telegraph).

==ASIA:

Japan: Bank of Japan Governor Kazuo Ueda says BoJ will raise rates if the economy performs according to forecasts.