06:09 AM EST, 01/21/2025 (MT Newswires) -- Societe Generale in its "Europan Sunrise" note of Tuesday highlighted:

Markets: United States Treasury futures gap higher at Asian opening, then extend gains. U.S. equity futures dip and US dollar bounces after Mexico/Canada tariff announcement from President Donald Trump, Asian equities trade mixed. Oil is little changed, gold supported.

U.S.:Trump signs about 200 executive orders, plans to enact 25% tariffs on Mexico and Canada on Feb. 1, considers universal tariffs on all countries but is "not ready for that yet, tasks USTR with reviewing unfair trade practices by other countries. He orders exit from Paris Agreement and WHO, declares a national emergency at the southern border, a national energy emergency and reiterates "we will drill, baby drill." Russian President Vladimir Putin congratulates Trump, says he is open to dialogue.

==EUROPE:

ECB: European Central Bank Governing Council member Peter Kazimir sees "no reason to pause" or to talk about different size of cuts, says three to four cuts are feasible, sees a neutral rate closer to 2% than 3%.

Eurogroup: Finance ministers urge caution in retaliation over Trump tariffs, discussed priorities and challenges for the eurozone.

Germany: Prime Minister Olaf Scholz says the opposition is lying about how Ukraine help can be funded. Last year's budget deficit was reported lower than planned (33.3 billion euros instead of 39 billion euros), Finance Minister Joerg Kukies reiterated this doesn't give additional leeway for 2025.