11/12/2025 – The FED pushes rates to three-year lows, with inflation and employment leading the next steps. – Read more news
GAS & POWER: As overall European terminal sendout returns to levels in line with the average of the last two years, Germany recorded a new all-time high: nearly 48 million cubic meters regasified and fed into the network on Sunday, December 7 alone. In France, however, a progressive ramp-up of the Montoir terminal is observed, following the repeated extensions of the strikes in recent weeks. Activities appear to have returned to normal since last Friday, December 5, encouraging a gradual recovery in volumes.
EQUITY: As expected, the FED opted for a 25 basis point cut, bringing rates into the fork 3.5-3.75%. The overall orientation was less obvious, with 3 votes against overall (2 in favor of maintaining the status quo, and 1 for a more aggressive cut), the highest dissent in the last 6 years. There is no clarity on what the next steps will be, with the FED chairman confirming how labor data and inflation levels will drive any further cuts in 2026. President Trump, who is expected to appoint a new leader to head the Central Bank in the coming weeks, is displeased.
EQUITY: As expected, the FED opted for a 25 basis point cut, bringing rates into the fork 3.5-3.75%. The overall orientation was less obvious, with 3 votes against overall (2 in favor of maintaining the status quo, and 1 for a more aggressive cut), the highest dissent in the last 6 years. There is no clarity on what the next steps will be, with the FED chairman confirming how labor data and inflation levels will drive any further cuts in 2026. President Trump, who is expected to appoint a new leader to head the Central Bank in the coming weeks, is displeased.
