06:28 AM EDT, 09/08/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Monday highlighted:

Markets: United States Treasuries pare parts of Friday's rally, led by the long-end. Asian stocks are mainly higher, led by Japan. E-minis also gain. The euro (EUR) hovers around $1.171, yen (JPY) weakens. Brent recovers, gold consolidates.

Fed: Chicago Federal Reserve Bank President Austan Goolsbee says he's still undecided on the September rate decision and wants to get more information from the inflation side.

Fed: President Donald Trump says Kevin Hassett, the director of the National Economic Council, Fed Governor Christopher Waller and Kevin Warsh, former Fed Governor, are the top candidates for Federal Reserve chair. Hassett says the Fed needs to be 100% independent of political influence.

EU/U.S.: Trump threatens countermeasures after the European Union fines Google 2.95 billion euros for abusing the dominance of its advertising-technology tools.

Russia-Ukraine war: Trump says European leaders will visit the U.S. on Monday and Tuesday to discuss how to resolve the war. He will also speak with President Vladimir Putin very soon and is ready to impose new sanctions on Russia after the latest large drone attack.

OPEC+ agrees to increase output by 137,000 barrels a day in October.

==EUROPE:

France: The centre-right Republicans (LR) party reiterates firm opposition to the appointment of a Socialist prime minister.

Germany: The ministry of labor and social affairs plans higher social security contribution assessment ceilings from January 2026.

Italy: Finance Minister Giancarlo Giorgetti says budget won't ask sacrifices of citizens as national accounts are in line with the government's expectations.

Greece: PM Kyriakos Mitsotakis announced 1.6 billion euros tax reform, aimed at boosting middle-class income.

Switzerland: Central bank (SNB) Chairman Martin Schlegel says the bar for the next rate cut is high.

Ratings: Fitch lowers outlook for Poland to negative from stable, affirms A-, and affirms Malta at A+/stable. DBRS confirms Greece at BBB/stable. Scope upgrades Lithuania to A+/stable from A/positive, affirms Estonia at A+ and Latvia at A- with stable outlooks.

==ASIA:

China: Trade surplus rises more than expected in August.

Japan: PM Shigeru Ishiba steps down. Q2 gross domestic product was revised up from 1% annualized to 2.2%.