06:24 AM EDT, 08/14/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries recover in late New York session, rangebound in Asia. E-minis trade flat, Asian equities mixed. Euro (EUR) trades in a tight range above $1.17, yen (JPY) rallies on Treasury Secretary Scott Bessent's comments, Brent recovers close to $66/barrel.

Fed: Atlanta Federal Reserve President Raphael Bostic still considers one cut appropriate in 2025 if the labor market stays solid; tariffs may cause structural changes. Chicago Federal Reserve President Austan Goolsbee says next policy meetings will be "live" and he is concerned about persistent impact of tariffs on prices, the but state of the labor market is pretty strong and solid.

Fed: President Donald Trump says rates should be "3 or 4 points lower." He will name the next Federal Reserve chair a little bit early, says the decision is down to three or four candidates.

Former St. Louis Federal Reserve Bank President James Bullard says he would seek to break down "group think" if chosen as successor.

Ukraine/Russia war: Trump threatens "severe consequences" if Russian President Vladimir Putin doesn't agree to a ceasefire, says first meeting is "finding out what we're doing," second meeting would be trilateral, including Ukrainian President Volodymyr Zelenskiy. Trump tells European leaders the U.S. could provide security guarantees for Ukraine (Politico).

U.S.: Court of appeals rules that the Trump administration can withhold funds for international assistance approved by Congress.

==ASIA:

China in talks with India to resume border trade after five-year pause (Bloomberg sources).