06:56 AM EDT, 05/14/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries rise in late New York session while S&P pares some gains, e-minis mostly unchanged in Asia. EUR sideways near $1.12, oil retreats slightly, gold lower.

U.S./Fed: President Donald Trump says the Federal Reserve must lower rates "like Europe and China have done."

Trade: Trump says "we have confines of very strong deal with China", is optimistic that the U.S. will be able to make a deal. China criticizes deal between the United Kingdom and the U.S., stating that agreements between countries shouldn't target other nations.

NATO countries are progressing towards spending 5% of their gross domestic product on defense by 2032 (Bloomberg sources). Charter for DSR rearmament bank could be adopted at next month's NATO summit with a planned balance sheet of 100 billion pounds (BoZ).

Geopolitics: Iran will hold talks with European members of the 2015 nuclear deal on Friday (Reuters sources). Trump says he will lift U.S. sanctions on Syria.

==EUROPE:

ECB: European Central Bank Governing Council member Francois Villeroy de Galhau says Trump tariffs don't fuel inflation in Europe, sees room for another cut by summer.

Germany: Tax revenues for 2025-2029 will rise significantly less than previously expected (HB sources), official tax estimates are due on Thursday.

France: The central bank expects French economy to grow only slightly in Q2