06:38 AM EST, 11/13/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Thursday highlighted:

Markets: United States Treasuries weaken in the New York session after tepid demand in 10-year auction, soften further in Asia, while e-minis recover. Asian equities trade supported, euro (EUR) weaker, yen (JPY) hovers below 155. Brent steadies near $63/barrel.

U.S.: President Donald Trump signs spending bill, ending the shutdown. White House says September BLS data will be published after reopening, warns that October jobs and inflation figures might not be released at all.

Fed: Atlanta Federal Reserve President Raphael Bostic announces that he will retire in February 2026, cautions that inflation remains a bigger risk to economy, wants to keep rates steady. Federal Reserve Bank of Boston President Susan Collins sees a relatively high bar for further easing in the near term as inflation requires still-restrictive policy.

Fed: Roberto Perli, who manages the bank's System Open Market Account, says there is strong evidence that reserves are no longer abundant, says Fed "won't have to wait long" before purchasing assets to sustain desired liquidity levels.

Tariffs: White House signals it will cut tariffs to ease high food prices (FT).

U.S./Fed: The Supreme Court sets Federal Reserve Governor Lisa Cook argument for Jan. 21, 2026.

==EUROPE:

France: National Assembly backs suspension of the pension reform. Unemployment unexpectedly rises to 7.5% in Q3, the highest since 2021.

Italy: Finance Ministry's Riccardo Barbieri says "high debt-to-GDP ratio will be a hindrance for further rating upgrades."

The European Union is set to propose a plan to the U.S. for implementing the next phase of the trade agreement (Bloomberg sources). The European Commission also aims to speed up the crackdown on cheap Chinese parcels (FT).