06:56 AM EST, 11/17/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Monday highlighted:

Markets: United States Treasuries stabilized into the Friday close, are steady early Monday. Asian stocks lack a clear direction, e-minis recover. The euro (EUR) falls to $1.16. Brent drops then stabilzses around $63.8/barrel.

Fed: Atlanta Federal Reserve President Raphael Bostic says "we'll see" about a December rate decision as environment is "incredibly challenging." Dallas Federal Reserve President Lorie Logan says the labor market doesn't need further insurance cuts. Governor Stephen Miran thinks a December rate cut is very much appropriate. New York Federal Reserve President John Williams discussed thethe standing repo facility (SRF) with primary dealers.

U.S.: BLS will release payrolls and real earnings for September on Thursday and Friday, respectively.

U.S.: Trump administration lifts reciprocal tariffs on food imports, including beef, coffee, tomatoes and bananas to alleviate some price pressure. President Donald Trump says $2,000 tariff rebates will come "sometime" next year. Trump urges the House to vote for Epstein files release.

Trade: Trump supports a bill to sanction countries conducting business with Russia.

Geopolitics: China urges the U.S. to handle Taiwan issue with "utmost caution."

==EUROPE:

ECB: European Central Bank Governing Council (GC) member Isabel Schnabel says QN (quantitative normalization) removes residual stimulus from the market, and persistent take-up of standard refinancing operations to precede structural operations. GC member Olli Rehn says "risk that inflation slows excessively relative to 2% target should not be underestimated." GC member Olaf Sleijpen says inflation risks are balanced, stablecoin run may force ECB to rethink rates stance (FT).

France: Budget Minister Amelie de Montchalin sees deficit "around 5%" under budget proposal.

Ratings: Scope downgrades Belgium to A+/stable from AA-/negative. Fitch upgrades Greece to BBB/stable from BBB-/positive and affirms Slovakia at A-/stable. S&P raises outlook for Cyprus to positive, affirms A-. Moody's affirms Portugal at A3/stable.

==ASIA:

Japan: Q3 gross domestic product declined less than expected by -0.4%, while the consensus was -0.6%.