06:40 AM EDT, 10/21/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries maintain gains in late New York and Asia. U.S. equities extend gains into NY close, e-minis sideways, Asia supported. The US dollar (USD) strengthens, oil is little changed.

U.S.: White House adviser Kevin Hassett thinks the shutdown "is likely to end sometime this week."

Trade: President Donald Trump expects a fair deal with China, earlier threatened with "potential 155% tariff" and to stop supplying airplanes.

Rare Earths: Trump signs agreement with Australia, says one year from now we'll have so much critical rare earths "that you won't know what to do with them."

U.S. weighs public offering for Fannie Mae and Freddie Mac as soon as end-2025.

Middle East: Trump threatens to "eradicate" Hamas if it doesn't honor the ceasefire.

Russia-Ukraine war: Russia says Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio held a "constructive" pre-summit call. The anticipated meeting has been put on hold (CNN). Ukrainian President Volodymyr Zelenskiy would consider an invitation to a Budapest summit.

==EUROPE:

ECB: Governing Council member Nagel says the European Central Bank is "on track", can keep a "wait-and-see attitude."

Germany: Tax revenues rose 2.6% year over year in September, finance minister doesn't expect a near-term boost to revenues from economic momentum.

Italy: BTP Valore orders amount to 5.4 billion euros on the first day, compared with 5.2 billion euros average after the first day in the previous five issues.

Russian assets: Belgium signals it won't stand in the way of a deal. The US won't be joining the G7 initiative "for now" to use Russian assets to support Ukraine (Bloomberg).

==ASIA:

Japan: Outgoing Finance Minister Katsunobu Kato says Japan needs careful policy steering as yields rise. Satsuki Katayama to become first Japanese female finance minister.