06:44 AM EDT, 09/25/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries weaker into New York close, stabilizing in Asia. Ultra-long Japanese government bond curve flattens after solid 40-year JGB auction. E-minis recover alongside higher Asian equities. EUR at $1.175, oil hovers around $69/barrel.

Fed: Federal Reserve Bank of Chicago President Austan Goolsbee says the jobs market still is mostly steady and solid, says he's "uncomfortable with overly frontloading a lot of rate cuts" (FT). San Francisco Federal Reserve President Mary Daly says further policy adjustments are likely needed.

Trade: U.S. lowers tariff on auto imports from the European Union to 15% retroactively to Aug. 1. South Korea's prime minister says investment projects will remain in limbo until U.S. visa issues are fixed.

G7 countries consider price floors to promote rare earth production and imposing taxes on Chinese exports (Reuters sources).

Middle East: U.S. envoy Steve Witkoff predicts "some sort of breakthrough" in Gaza peace talks. President Donald Trump promises to prevent Israeli annexation of the West Bank (Politico).

==EUROPE:

BoE: Bank of England policymaker Megan Greene says inflation risks have shifted to the upside, argues for a cautious approach to rate cuts as it isn't clear that policy is meaningfully restrictive.

Banks: Italian Finance Minister Giancarlo Giorgetti has "no political objections" to a deal between Credit Agricole and BPM.

EU's foreign policy chief Kaja Kallas says bloc wants faster phaseout of Russian fossil fuels and remains concerned by China enabling the war in Ukraine as well as its coercive economic practices.