06:28 AM EDT, 08/26/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries recover in late New York session on weaker equities, ultralong futures slide, short end gains in Asia on Federal Reserve Governor Lisa Cook firing headlines. The US dollar (USD) dips only briefly. Asian equities and e-minis weaken. Oil softer, gold supported.

Fed: President Donald Trump fires Fed Governor Cook "effective immediately," quoting "sufficient reason" that she made false statements. Cook refuses to resign, says Trump "has no authority" to fire her.

Fed: Federal Reserve Bank of New York President John Williams says "the era of low r-star appears far from over."

Fed: Fed Bank of Dallas President Lorie Logan expects "temporary pressure" in money markets around quarter-end.

Tariffs: Trump threatens fresh tariffs and export curbs against other nations' digital services taxes, says the U.S. has "much bigger and better cards" than China, threatens 200% tariff if China doesn't supply magnets. White House mulls sanctions against European Union officials responsible for implementing Digital Services Act, outlines 50% tariff on India.

Russia-Ukraine war: Trump says Europe will give significant security guarantees backed by the U.S.

==EUROPE:

France: Socialist chief Olivier Faure says it's "inconceivable" for his party to back Prime Minister Francois Bayrou in a confidence vote scheduled for Sept. 8.

Italy: Tesoro announces to tap BTP Oct30 (2.5 billion-2.75 billion euros), BTP Aug35 (1 billion-1.25 billion euros), BTP Oct35 (1.75 billion-2 billion euros) and CCTeu Apr34 (1.5 billion-2 billin) on Thursday.