06:37 AM EDT, 09/03/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries stabilize in late New York session, weaken in Asia. 30-year Japanese government bond yields reach new highs. SPX pares losses in late NY, e-minis slightly weaker early Wednesday. The euro (EUR) continues to weaken below $1.163. Brent remains close to the highs, but below $69/barrel. Gold reaches record high.

Fed: Treasury Secretary Scott Bessent is to start interviews for the Federal Reserve chair on Friday.

Tariffs: President Donald Trump plans to ask the Supreme Court for an expedited ruling to keep tariffs in place.

Geopolitics: President Xi Jinping hails "unstoppable" China, goes side by side with Russian President Vladimir Putin and North Korean leader Kim Jong Un at military parade. Trump accuses Xi of "conspiring against US" with Putin and Kim; adds that he isn't concerned about alignment between Russia and China.

==EUROPE:

ECB: European Central Bank Governing Council (GC) member Madis Muller thinks it "makes sense" to keep rates unchanged at the upcoming meeting as the economy is likely to gradually pick up. Acting governor of Slovenia's central bank, Primoz Dolenc, says the next ECB move could be up or down, sees steady rates this month. GC member Francois Villeroy de Galhau says eurozone inflation is well under control and that "inflation allows for favourable interest rates."

France: Finance Minister Eric Lombard says "it is inevitable" to make concessions to the left if the government falls on Monday (FT interview).

Finland agrees on 2026 budget with 8.7 billion euros deficit.

==ASIA:

China: RatingDog manufacturing PMI rises 0.4 pt to 53.0 with consensus at 52.5, while composite rises 1.1pts to 51.9.