06:23 AM EST, 03/06/2026 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Friday highlighted:

Markets: Oil hits new highs, then fades on United States news. U.S. Treasuries rangebound in Asia with WTI at $80 per barrel, e-minis supported along regional equities. EUR/USD back above 1.16, Gold supported.

Fed: Federal Reserve Vice Chair for Supervision Michelle Bowman sees further signs of stabilising labor market.

U.S.: Oklahoma Senator Markwayne Mullin replaces Kristi Noem as Homeland Security secretary.

Tariffs: 24 U.S. states have sued President Donald Trump over "fatally flawed" 10% tariffs from Feb. 24.

Iran: Foreign minister says Iran isn't seeking a ceasefire, warns U.S. invasion would be "big disaster for them." President Trump calls ground invasion "a waste of time," says Strait of Hormuz will be kept open, supports Kurds launching offensive into Iran. Has names in mind for "good leader" in Iran, wants leadership structure gone, insists on being personally involved in picking next leader. UAE explores freezing Iranian assets (WSJ).

Oil: The U.S. is considering "everything" to tame prices, interior secretary says. Treasury Secretary Scott Bessent says waiver allowing Russian oil sales to India is temporary, expects "New Delhi to ramp up purchases of US oil."

==EUROPE:

Germany: CDU extends lead over AfD to five percentage points (ARD).

Spain is "not a team player" and "very hostile to NATO," President Trump tells NY Post. As such, the U.S. won't "be a team player with Spain either."

==ASIA:

China: Central bank (PBoC) member says investors should temper expectations for "aggressive" stimulus, calls for patience as government doesn't see itself in "crisis time."