05:46 AM EDT, 10/29/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries flat in late New York session and Asia after soft seven-year auction. E-minis remain on the highs. The euro (EUR) falls to $1.163, yen (JPY) slides after Treasury Secretary Scott Bessent's comment. Brent trades around $64.5/barrel.

Trade: President Donald Trump thinks a deal with China and South Korea will be made. The U.S. Senate votes to terminate Trump's 50% tariff on Brazil. China buys first soybeans from the U.S. in months. Trump says fentanyl tariff could be cut from 20% to 10%.

Middle East: Israel orders strikes on Gaza after alleged cease-fire violations by Hamas.

==EUROPE:

France: National assembly votes for higher taxes on multinationals, potentially bringing in more than 20 billion euros next year, while the Senate is unlikely to sign off on the proposal (Le Monde).

Japan: Treasury Secretary Bessent says Japan's willingness to give Bank of Japan policy space is key.

U.K.: Ginance Minister Rachel Reeves says the United Kingdom can reap "huge benefits" from rebuilding relations with the European Union.

Slovenia plans five billion yuan Panda bonds next year.

==ASIA:

China pledges to "significantly" increase the share of consumption in the economy over the next five years, but wants to keep technology and manufacturing top priorities.