06:39 AM EDT, 08/12/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries weakened into the New York close, find better support in Asia. Equity futures are slightly up. Nikkei hits record, up 2.7% led by tech as tariff relief continues. EUR consolidates to $1.162. Brent steady above $66.9/barrel.

Trade: President Donald Trump extends China tariff exemption for another 90 days. Trump says gold imports won't be subject to tariffs.

Fed: Vice Chair Michelle Bowman, Vice Chair Philip Jefferson and Dallas Fed President Lorie Logan are also under consideration for Fed chair (Bloomberg sources).

U.S.: Trump names E.J. Antoni, former chief economist at Heritage Foundation, to lead Bureau of Labor Statistics.

U.S.: CBO estimates that Trump's tax law will deal a financial blow to the poorest households while increasing income for wealthier households.

Russia-Ukraine war: Trump says his meeting with Russian President Vladimir Putin will be "feel-out meeting" and both Ukraine and Russia would have to cede land to each other to end the war; adds that he wants Ukrainian President Volodymyr Zelenskiy and Putin to meet. European leaders will meet virtually ahead of a call with Trump.

==ASIA:

Reserve Bank of Australia cuts cash rate by 25bps to 3.6%, as expected.