06:13 AM EDT, 03/18/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States Treasuries soften into New York close, better bid in Asia as e-minis pare Monday's gains. Gold surges to a new record high above $3,000/oz, US dollar recovers, oil is supported.

U.S.: President Donald Trump confirms Michelle Bowman as Federal Reserve vice chair for supervision. He wants to immediately begin producing energy with "clean coal" to counter China's energy advantage. Chinese President Xi Jinping to visit the U.S. in "not too distant future." Atlanta Fed GDPNow rises to -2.06% from -2.41%.

Tariffs: U.S. Trade Representative Jamieson Greer wants to bring order to tariff announcements on April 2, after previous announcements caused confusion.

Ukraine: Trump weighs recognizing Crimea as Russian territory (Semafor), says "much remains" to be discussed ahead of Tuesday's call with Russia's President Vladimir Putin.

Israel attacks targets in Gaza as ceasefire deadlock breaks, pledges to fight until all hostages are freed.

==EUROPE:

Germany: Constitutional court rejects expedited appeals against Tuesday's vote. Party chiefs express confidence about Tuesday's vote. Incoming Prime Minister Friedrich Merz expects a "small handful of no votes," dissenters and absentees among SPD and Greens are seen in the low single digits. Bavaria announces support in Friday's Bundesrat vote.

European Union to review "innovative initiatives" to collectively step up European defense funding via seizing frozen assets. Politician Pieter Omtzigt of the Netherlands warns of a new debt crisis from joint debt and relaxed debt rules (FT).

==ASIA:

Japan: Finance Minister Katsunobu Kato says the bond market should determine yield movements.

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