06:15 AM EST, 01/28/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: Tech stocks stabilize in late New York, e-minis recover modestly in Asia while Asian equities are mostly in the red, China closed. United States Treasuries creep higher into the U.S. close, slightly lower in Asia. US dollar advances on tariff remarks, Brent retreats from two-week lows.

U.S.: President Donald Trump wants universal tariffs that are "much bigger" than 2.5%. Scott Bessent wins Senate confirmation as treasury secretary, pushes for universal levies starting at 2.5% and moving higher by the same amount each month (FT). Trump will also impose tariffs on international chips in the "very near future," says DeepSeek should be a wake-up call for the U.S. industry.

DeepSeek was hit by a 'large-scale' cyber-attack, forced to limit registrations. Nvidia says DeepSeek's "excellent" advancements still require lots of its chips. Stock lost $589 billion in market value but edged up post-market, OpenAI Chief Executive Officer Sam Altman vows to 'deliver much better models' and fast-track product releases.

==EUROPE:

France: Prime Minister Francois Bayrou says Elon 'Musk is creating a threat to democracies', warns of Trump's influence in Europe.

European Commission foreign policy chief Kaja Kallas says the bloc isn't negotiating on Greenland, argues it's not the situation for speculation about what-ifs. Meanwhile, Denmark announced it would spend 14.6 billion krones to boost its military presence in the Arctic.

==ASIA:

China: The central bank injects a record amount of CNY1.7 trillion into the financial system via outright reverse repos so far in January.