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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. 30 Oct 2026 - - - #### French Economy unexpectedly shrinks as headwinds strengthen Source: Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![French Economy unexpectedly shrinks as headwinds strengthen](https://blog.syzgroup.com/hubfs/1793352527521.jpg) ![French Economy unexpectedly shrinks as headwinds strengthen](https://blog.syzgroup.com/hubfs/1793352527521.jpg) #### Disclaimer This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. Read More ## Related Articles [equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) #### [France: too cheap to ignore?](https://blog.syzgroup.com/syz-the-moment/france-too-cheap-to-ignore?hsLang=en) French equities are deeply out of favour—and the valuation gap has reached historic proportions. After more than three years of underperformance, the CAC 40 is trading at its lowest valuation relative to the Eurozone on record, according to JPMorgan. Investors have been retreating from French assets, leaving sentiment firmly in the doldrums. For contrarians, the appeal is clear. The harder question is whether today’s discount offers a genuine opportunity—or simply reflects the risks ahead. Source: JPM, TME **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 28/10/2026 [Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) #### [Europe wants to regulate the future. But who will build it?](https://blog.syzgroup.com/syz-the-moment/europe-wants-to-regulate-the-future.-but-who-will-build-it?hsLang=en) Europe’s share of global tech R&D: → 2005: 23% → Today: 8% Meanwhile: US: 62% China: 15% South Korea now outspends Germany, France, the UK and Italy. Combined. Europe has talent. Universities. Capital. What it increasingly lacks is an environment that rewards turning ideas into global businesses. Every additional compliance layer consumes resources. Every barrier to scaling pushes opportunity elsewhere. Every reduction in the reward for risk-taking weakens the incentive to innovate. Regulation has a purpose. So does redistribution. But neither can substitute for wealth creation. Europe needs simpler rules, stronger incentives to invest, and greater ambition to build. Because a continent cannot finance tomorrow’s prosperity by regulating yesterday’s success. The choice: build the next generation of global companies—or become an open-air museum for those who do. Source: Michel A.Arouet **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 28/10/2026 [Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) #### [The OAT-BTP spread continues to blow out as France increasingly trades like the European periphery.](https://blog.syzgroup.com/syz-the-moment/the-oat-btp-spread-continues-to-blow-out-as-france-increasingly-trades-like-the-european-periphery?hsLang=en) Meanwhile, European banks (SX7E) remain under heavy selling pressure. Source. TME **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 23/10/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. [Discover more](https://blog.syzgroup.com/syz-the-moment) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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