05:51 AM EDT, 05/26/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Monday highlighted:

Markets: United States Treasury futures weaken in Asia with no UST cash trading on Monday. E-minis recover losses after equities ended lower on Friday. The US dollar trades weaker with EUR rising above $1.14, oil hovers around $65/barrel.

Fed: Minneapolis Federal Reserve Bank President Neel says "we are really in wait-and-see mode," adds that anything is possible regarding a cut in September.

Trade: U.S. President Donald Trump extends 50% tariff deadline to July 9 after "very nice" call with European Commission President Ursula von der Leyen. She says that the European Union is ready to advance talks "swiftly and decisively," but a good deal needs time.

U.S.: Treasury Secretary Scott Bessent says the Trump Administration is "very close to moving" on supplementary leverage ratio (SLR), says change is possible over summer and could lower yields.

U.S./Japan: SoftBank's CEO Masayoshi Son proposes a U.S.-Japan sovereign wealth fund to invest in tech and infrastructure (FT).

Russia-Ukraine war: Trump says he's considering new sanctions on Moscow, as Russian President Vladimir Putin has gone "absolutely crazy."

Middle East: Israel's army aims to take over 75% of Gaza within two months. Trump says he had "real, serious progress" in nuclear talks with Iran.