06:21 AM EDT, 04/02/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries trade weaker into New York close, fall further in Asia. SPX closes higher, Asian equities mixed. Key currency pairs broadly unchanged, Brent steady around $74.5/barrel.

Fed: Chicago Federal Reserve President Austan Goolsbee warns of slowdown in consumer spending due to uncertainty, says hard data is strong while soft data is "almost cratering."

Tariffs: President Donald Trump's team hasn't reached a firm decision yet, continues to explore all options (Bloomberg sources). Treasury Secretary Scott Bessent told lawmakers tariffs will be a "cap," countries can take steps to bring rates down (CNBC).

U.S.: Group of 50 Republican and Democratic senators introduce sanctions package against Russia, including a 500% tariff on imports from countries that buy Russian oil.

==EUROPE:

France: Court of appeals expects to rule on far-right leader Marine Le Pen's case by mid-2026.

==ASIA:

China: Vice finance minister urges the European Union to oppose protectionism, calls for more certainty for the global economy.

Japan: Bank of Japan Governor Kazuo Ueda says uncertainty over tariffs is high, comprehensive assessment of the impact is vital.