05:44 AM EDT, 08/06/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries weaken in late New York session amid tepid three-year auction, soften further in Asia. E-minis reverse earlier losses, Asian equities mostly supported. US dollar weaker, Brent recovers to $68/barrel.

Fed: President Donald Trump says he will make the decision on the new Federal Reserve governor before the end of the week. Decision is down to four people, including Kevin Warsh and Kevin Hassett, while Treasury Secretary Scott Bessent doesn't want to be considered.

Tariffs: Trump says he'd impose higher tariffs on countries buying Russian energy, adds that tariffs on semiconductors and pharma will be announced "within the next week or so." Tariffs on pharma will be initially "small" but could eventually rise to 250%.

U.S.: Trump says Vice President J.D. Vance is "most likely" heir apparent to MAGA movement in 2028.

Geopolitics: Trump considers blacklisting Russia's shadow fleet if there is no ceasefire by Friday (FT). Kremlin weighs offering concessions to the US, including an air truce.

==EUROPE:

ECB: European Central Bank Governing Council member Robert Holzmann says "there is no longer any reason to cut rates again."

U.K.: The United Kingdom faces a 51 billion pounds shortfall in the fall budget (NIESR).