06:21 AM EST, 02/27/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries rally into New York close, retreat in Asia. Asian equities are mixed, e-minis supported. EUR below $1.047, Brent steady around $72.8/barrel.

Fed: Atlanta Federal Reserve President Raphael Bostic says policy is restrictive and needs to stay restrictive. He sees inflation on a path to 2% but more data is needed and estimates a job breakeven rate as low as 75,000-100,000. Federal Reserve Bank of Richmond President Tom Barkin doesn't expect gross domestic product volatility from government job cuts.

U.S.: President Donald Trump threatens to impose 25% tariffs on European Union products, including autos. Secretary of Commerce Howard Lutnick says reciprocal tariffs would start on April 2.

U.S.: Trump says cuts from DOGE's efforts should amount to $1 trillion. White House told federal agencies to submit plans for "large-scale" staff cuts.

Nvidia dips postmarket; Q1 sales slightly above estimates, margin outlook disappoints.

==EUROPE:

U.K.: United Kingdom Finance Minister Rachel Reeves says the government wants to boost commerce with the U.S., even amid widespread tariff threats.

Italy: Economy minister says EU should consider joint initiative for defense spending similar to the Recovery and Resilience Facility.

==ASIA:

Japan: Currency official Atsushi Mimura says he has no problem with growing expectations of Bank of Japan rate hikes, as indicators show robust growth and elevated inflation.