06:29 AM EDT, 06/12/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries remain better bid in late New York session and Asia after successful 10-year auction, then start to soften moderately. E-minis continue to weaken in Asia. EUR rises above $1.15. Brent has risen significantly on escalation concerns between the U.S. and Iran, now trades around $69.5/barrel.

Trade: President Donald Trump says he will set unilateral tariffs on trading partners in one to two weeks. Adds that he is willing to extend the tariff deadline to complete trade talks, but doesn't think it's necessary. Commerce Secretary Howard Lutnick says that "we're in a super place with China." Adds that he agreed to implement the trade deal with the Unite Kingdom as soon as possible, while the European Union deal will be among the last to be completed.

U.S. banks: Treasury Secretary Scott Bessent says removing SLR in the past had a substantial yield effect.

U.S.: Senator Te Cruz reiterates urge to end Federal Reserve's interest payments on reserves, claiming it would save $1.1 trillion over 10 years.

==EUROPE:

ECB: Governing Council member Francois Villeroy de Galhau says that although the European Central Bank is in a favorable situation, it doesn't mean that policy is static. He doesn't expect deflation, but the ECB has tools to react.

France: The central bank (BdF) revises growth outlook down by 0.1pt to 0.6% for 2025, amid U.S. tariff threats.