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Commerzbank on Overnight News
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Commerzbank on Overnight News
Sep 9, 2025 3:56 AM

06:30 AM EDT, 09/09/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries remain supported in late New York, consolidate slightly in Asia. Equities are mostly supported. The euro (EUR) strengthens above $1.177 amid broader US dollar (USD) weakness. Oil recovers.

Fed: Senate Democrats demand that Federal Reserve governor nominee Stephen Miran resign from the White House. Banking committee nomination vote is scheduled for Wednesday, full Senate vote next Wednesday.

U.S.: NY Fed prospects for job seekers slumped 5.8pts to the lowest reading since the start of the series in Jun 2013. Consumer credit rose more than expected in July.

U.S.: The White House is preparing a report critical of the Bureau of Labor Statistics' jobs data (WSJ).

Russia-Ukraine war: The European Union weighs sanctions on China and other third countries purchasing Russian oil and natural gas. EU officials discussed coordinated sanctions in the U.S. on Monday.

==EUROPE:

France: Prime Minister Francois Bayrou loses confidence vote with a wide margin of 194-364, will tender his resignation toon Tuesday. Earlier, Bayrou warned that France is "drowning in a tide of debt." President Emmanuel Macron to appoint new PM within days, rules out snap elections. Socialist chief Olivier Faure says "it's time for the left to again govern this country." Far-left leader Jean-Luc Melenchon says he wouldn't support a government led by Faure. OAT future trades little changed.

ECB: European Central Bank Governing Council member Francois Villeroy de Galhau says the eurozone is in a good position with inflation.

Italy: Treasury announced to tap BTP Jan29 (2.75 billion-3.25 billion euros) and BTP Nov30 (1.25 billion-1.5 billion euros) on Thursday.

Norway: Prime Minister Jonas Gahr Stoere declares victory in close parliamentary election.

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