06:37 AM EST, 01/10/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: United States Treasuries sell off into New York close, show renewed weakness in Asia. U.S. equity futures recover after weak Asian opening, local equities still down. EURUSD is back below 1.03, gold gains, oil is little changed.

Fed: Federal Reserve Bank of Boston President Susan Collins argues for a slower approach to cuts given "considerable uncertainty." Kansas City Federal Reserve Bank President Jeffrey Schmid says rates may be "very close" to neutral, but backs gradual cuts if economic data improves. Federal Reserve Governor Michelle Bowman says progress on inflation stalled last year, prefers a "cautious and gradual approach." Richmond Fed President Thomas Barkin says term premium and elevated supply not inflation are responsible for soaring long-end rates.

Geopolitics: U.S. President-elect Donald Trump says meeting with Russian President Vladimir Putin is being arranged. Kremlin spokesperson Dmitry Peskov says Russia is watching "dramatic development" in the Arctic zone. China's President Xi Jinping will send a top-level envoy to inauguration (FT).

U.S.: 'Day One'-actions to focus on immigration, energy, federal workers and regulation (Bloomberg). Supreme Court rejected Trump's request to halt sentencing in hush money case. Elon Musk now calls $2 trillion of DOGE-budget savings "best-case outcome," sees "good shot" for $1 trillion.

==EUROPE:

U.K. Bank of England monitors moves in Gilt markets, so far they have been orderly (Deputy Governor Sarah Breeden).

Germany: CDU/CSU (31%) loses 2pts in latest ARD-DeutschlandTrend, AFD (20%) and SPD (15%) gain 1pt each. Greens remain at 14%, BSW at 5%. FDP and Linke gain 1pt to 4%.

==ASIA:

China: The central bank will temporarily halt government bond purchases due to excessive demand.