06:27 AM EST, 01/27/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Monday highlighted:

Markets: United States Treasuries remain supported in Asia as China AI startup weighs on U.S. stock futures and Asian stocks are mixed. DXY recovers with EUR falling to $1.046. Oil and gold on the back foot.

Trump: The U.S. won't impose tariffs and sanctions as Colombia accepts the landing of all deported Colombians after U.S. President Donald Trump threatened to impose step-up tariffs of 25% and 50% on all imports. Trump to address Congress on March 4.

U.S.: New York Fed gross domestic product Nowcast remains unchanged at 2.56% for Q4 and 3% for Q1. St. Louis Fed model sees Q4 little changed at 2.38%. Official Q4 data due on Thursday with consensus at 2.7%.

NATO plans to share classified capability targets with the defense industry and the European Union to increase production, in what Secretary General Mark Rutte calls a "shift to a wartime mindset".

==EUROPE:

Germany: Center-right CDU leader Friedrich Merz is willing to accept far-right's AfD votes when submitting tougher migration proposals to Bundestag this week. AfD's leader Alice Weidel writes "the firewall has fallen!", center-left SPD speaks of "breaking of the dam." Green Party chancellor candidate and Economy Minister Robert Habeck warns of an Austria-style right-wing wave.

Ratings: Fitch affirms Netherlands at AAA/stable. DBRS confirms Belgium at AA/stable, Scope affirms Belgium at AA-/negative. Moody's raises Argentina for the first time in five years to Caa3.

United Kingdom banks urge the Bank of England to dilute its plans for handling failing lenders, arguing that it goes beyond equivalent rules in the U.S. or the E.U.

==ASIA:

China: Official PMIs disappoint with manufacturing falling 1pt to 49.1 and non-manufacturing falling 2pts to 50.2 while the consensus was for unchanged readings.