06:50 AM EDT, 07/29/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries trade slightly weaker in late New York session, recover in Asia. E-minis extend recovery, Asian equities mostly in the red. EUR at $1.158, Brent back below $70/barrel.

Trade: Japan Trade Minister Yoji Muto urges the U.S. to swiftly cut tariffs, Finance Minister Katsunobu Kato says it's important for Japan to seek a U.S. executive order to reflect trade deal.

More trade: President Donald Trump says he might visit China but only at the invitation of President Xi Jinping, doesn't seek a summit. U.S. freezes tech export controls to China to secure trade deal (FT). Commerce Secretary Howard Lutnick says Trump will make announcement regarding other nations by the end of the week, considers a 90-day extension of the China trade truce likely.

U.S.: Treasury raises net borrowing estimate to $1.01 trillion for July - September, up from $554 billion earlier.

==EUROPE:

U.K.: BRC retail sales unexpectedly rise to 0.7% year over year (consensus was 0.3%).

Ukraine: Several countries consider using their loans from the EU's 150 billion euros SAFE program to purchase weapons for Ukraine (Politico).

==ASIA:

China: Consumer sentiment deteriorates as expectations income, employment and prices worsen (PBoC survey).

Japan: LDP to discuss fate of Prime Minister Shigeru Ishiba soon (Bloomberg sources).