06:15 AM EDT, 06/10/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries flatten in late New York session, trade weaker in Asia, Japanese government bonds (JGB) soften. E-minis jump amid stronger Asian equities. EUR falls below $1.14, Oil rises.

U.S. budget: President Donald Trump believes the bill will pass "pretty quickly" but says it's okay if it takes a little longer than target. CBO says the U.S. may hit the debt ceiling between mid-August and end of September.

U.S. riots: More than 700 Marines have been mobilized to respond to the Los Angeles protests.

Trade: Treasury Secretary Scott Bessent says meeting with China "was good," Commerce Secretary Howar Lutnick calls talks "fruitful." The U.S. signalled a willingness to remove restrictions on some tech exports in exchange for eased limits on rare earths (FT).

==EUROPE:

ECB: European Central Bank Governing Council member Robert Holzmann says "it could be that the pause takes longer, or if the economic situation takes a turn for the worse there could be more rate cuts."

Spain: Bank of Spain cuts gross domestic product forecast for 2025 to 2.4% from 2.7%.

Italy: Tesoro announces to tap BTP Jun28 (2 billion-2.5 billion euros), Jul32 (2.75 billion-3 billion euros) and Oct54 (1 billion-1.25 billion euros) on Thursday.

==ASIA:

Japan: Central Bank Governor Kazuo Ueda says room for monetary policy to stimulate economy through cuts is limited, argues for rate hike if price trend becomes more uncertain. Finance Minister Katsunobu Kato says the government will work to diversify JGB holders.