06:33 AM EDT, 08/13/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries flatten from both sides in late New York session, e-minis trend sideways in Asia after SPX reaches record high. Asian equities supported, EUR above $1.168, Brent hovers around $66.1/barrel.

Fed: Federal Reserve Bank of Richmond President Thomas Barkin says inflation will be "more moderate than people think," says consumers are feeling "somewhat stretched."

Fed: Treasury Secretary Scott Bessent says there's a "foundational issue" at the Federal Reserve, adds that it could have cut rates in June or July if it had had the "original" jobs report numbers; "real thing now to think about is should we get a 50bp cut in September."

Trade: Bessent says he will meet with his Chinese counterparts in two or three months, says he needs sustained progress from China on addressing fentanyl before tariffs come down. Dismisses possibility that Chinese investment in the U.S. could be part of trade deal.

U.S.: President Donald Trump's pick for the new BLS head, E.J. Antoni, suggests pausing the monthly jobs report over accuracy concerns in an interview recorded before his nomination.

U.S.: Budget deficit rose to $291 billion in July (+10% year over year), while tariff revenues rose to $28 billion.

Russia-Ukraine war: Ukrainian President Volodymyr Zelenskiy says he won't cede Donbas, wants to be included in the U.S.-Russia talks.

Middle East: Israeli Prime Minister Benjamin Netanyahu says he won't agree to a deal that frees only some hostages, but all of them. Germany, the United Kingdom and France tell the United Nations they are ready to reimpose sanctions if Iran doesn't resume nuclear talks (FT).