06:39 AM EST, 11/07/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: United States Treasuries soften in late New York session, continue to trend lower in Asia. U.S. equities stabilize, key foreign exchange pairs little changed, with the euro (EUR) near $1.154. Brent recovers to $63.7/barrel.

Fed: New York Federal Reserve President John Williams thinks the low r*-era is still here, but the natural rate is hard to pin down. Federal Reserve Bank of Cleveland President Beth Hammack says policy should be mildly restrictive as he doesn't see elevated inflation as purely transitory. St. Louis Federal Reserve President Alberto Musalem says Fed's two goals are now "somewhat in tension," says policy is somewhere between moderately restrictive and neutral.

Trade: President Donald Trump says he won't announce new tariffs while the case is pending at the Supreme Court.

Geopolitics: Trump praises Indian Prime Minister Narendra Modi after he "largely stopped" buying Russian oil.

Stablecoins: Fed Governor Christopher Waller doesn't see stablecoins as a threat to monetary policy.

==EUROPE:

ECB: Governing Council member Boris Vujcic reiterates that the European Central Bank is "in a good place."

The EU is considering pausing parts of the Artificial Intelligence act (FT).

==ASIA:

China: Trade surplus shrinks as imports rise less than expected (+1.0%, consensus: +2.7%) and exports unexpectedly fall (-1.1%, consensus: +2.9%).

Japan: New Prime Minister Sanae Takaichi aims to lower Debt/GDP ratio, wants nominal gross domestic product growth to exceed Japanese government bond yields.