06:22 AM EDT, 04/30/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries remain supported in late New York session; front-end starts to weaken in Asia. E-minis reverse some of Tuesday's gains; Asian stocks are moderately up. EUR slides below $1.138. Brent drops further to $63.5/barrel.

U.S.: President Donald Trump says he will cut taxes in coming weeks and months. Signs executive order to prevent auto tariffs from stacking; says that tariffs will "slaughter" automakers if production isn't in U.S. Trump also says that Federal Reserve Chair Jerome Powell is "not really doing a good job."

U.S.: Trump economic adviser Stephen Miran struggled to reassure large bond investors in meeting last Friday. Some participants found Friday's meeting counter-productive (FT).

Geopolitics: Pakistan says it has intelligence that India plans a military strike within 24 to 36 hours.

==EUROPE:

ECB: Governing Council member Yannis Stournaras says rates are likely to go down to 2% this year, notes that the European Central Bank should be cautious on further cuts.

Germany: SPD members voted on the coalition agreement, results out Wednesday.

France: Q1 gross domestic product rises 0.1% quarter over quarter as expected and 0.8% yeay over year.

Switzerland: The central bank (SNB) to introduce new lending facility to ease banks' access to liquidity in times of stress.

Ukraine: President Vladimir Putin insists that Russia must take control of four regions of Ukraine to end war. President Trump is confident he will sign a minerals deal with Ukraine.

==ASIA:

China: April Manufacturing PMI drops 1.5pts to 49 (consensus 49.7), while Services PMI drops 0.4pts to 50.4 (consensus 50.6). Caixin manufacturing PMI above expectations. China created a list of U.S. imports exempt from its 125% tariff (Reuters).