06:12 AM EST, 01/29/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States equities extend recovery into New York close, e-minis trade sideways in Asia, European futures gain after ASML results. U.S. Treasuries gain in late New York and Asia. US dollar and oil are softer.

US: Saturday's tariffs deadline still holds (White House). Secretary of State Marco Rubio demands Europe to raise defense spending in a call with European Union foreign policy chief Kaja Kallas. Judge blocks President Donald Trump's plan to freeze federal grants and loans. Atlanta Fed GDPNow sees 3.18% growth for Q4 while the consensus for Thursday's number is 2.7%.

Autos: Porsche and Audi mull setting up production in the U.S. (HB).

==EUROPE:

Germany: The government reduces the 2025 gross domestic product forecast from 1.1% to 0.3%, which raises issuance leeway by 2.1 billion under debt brake. 2026 GDP cut from 1.6% to 1.1% (HB).

Germany: Center-right CDU's 1pt decline to 30% in Forsa poll masks 3pt slide since Thursday, after leader Friedrich Merz presented his migration proposal, says Forsa's Manfred Gullner (SPD). Insa poll says 66% support Merz's proposal. YouGov sees SPD falling 4pts to 15%, far-right AfD gaining 4pts to 23%.

Italy: Prime Minister Georgia Meloni gets notice of investigation by prosecutors over release of Libyan police chief.

EU Financial Services Commissioner Maria Luis Albuquerque wants to move forward with a "coalition of the willing," not wait for all 27 members to agree on the Capital Markets Union.

EU renews sanctions against Russia, wants to present new package today. Kallas wants to "close ranks" to deal with the U.S.

Czech central bank Governor Ales Michl wants to buy billions of euros in bitcoin (FT).