06:21 AM EST, 01/30/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries reverse initial Federal Reserve losses, close higher than pre-Fed and advance further in Asia with the curve flattening. U.S. equities remain unimpressed by Fed, e-minis rebound in Asia, Nikkei is up, China still closed. US dollar quickly reverses Fed gains, Brent falls to $76.5/barrel.

FOMC votes unanimously to keep rates on hold, removes reference to inflation making progress towards target, adds "labor market conditions remain solid." Chair Jerome Powell says Fed doesn't need to be in a hurry to adjust its policy stance.

U.S.: President Donald Trump criticizes the Fed decision, argues that "inflation would never have been a problem if the Fed had spent less time on gender ideology and fake climate change." Also says the Fed has done a terrible job on banking regulation.

U.S.: Government officials are considering expanding restrictions on Nvidia chip sales to China, specifically targeting H20 chips used for AI development.

==EUROPE:

Germany: Tax revenue rose stronger than expected at 4% in 2024, finance minister sees near-term no change to a stagnant economy (Welt cites Thursday's monthly bulletin).

Germany: Bundestag backs CDU/CSU migration resolution with help from far-right AfD. SPD and Greens accuse CDU leader Friedrich Merz of breaking the taboo on cooperation with AfD, CDU defends motion, saying the decision wasn't wrong just because the "wrong people" supported it.

France: Q4 gross domestic product falls short of expectations, declines by 0.1% quarter over quarter.

U.K.: Bank of England Governor Andrew Bailey says "very big decisions" will be needed to keep public debt from spiraling higher.

==ASIA:

Japan: The government expects its annual debt servicing costs to rise to nearly $230 billion over the next four years.