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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 3 Jun 2024 - - - #### Germany has the shortest average working hours of any advanced economy, with the annual figure falling 30% in the past 50 years and now a quarter below US levels, per FT. Source: unusual\_whales, FT [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Germany has the shortest average working hours of any advanced economy, with the annual figure falling 30% in the past 50 years and now a quarter below US levels, per FT.](https://blog.syzgroup.com/hubfs/19-Jun-03-2024-03-38-49-6709-PM.jpg) ![Germany has the shortest average working hours of any advanced economy, with the annual figure falling 30% in the past 50 years and now a quarter below US levels, per FT.](https://blog.syzgroup.com/hubfs/19-Jun-03-2024-03-38-49-6709-PM.jpg) 30 May 2024 - - - #### German 10y yields jump to 2.64%, highest since Nov, following a somewhat hotter inflation report. German Harmonized CPI rose to 2.8% in May YoY from 2.4% in Apr, above the 2.7% median estimate in a BBG poll of economists. German national CPI rose to 2.4% from 2.2% as expected. Source: Bloomberg, HolgerZ [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![German 10y yields jump to 2.64%, highest since Nov, following a somewhat hotter inflation report.](https://blog.syzgroup.com/hubfs/9-May-30-2024-02-39-54-1365-PM.jpg) ![German 10y yields jump to 2.64%, highest since Nov, following a somewhat hotter inflation report.](https://blog.syzgroup.com/hubfs/9-May-30-2024-02-39-54-1365-PM.jpg) 30 May 2024 - - - #### Germany's inflation rose to 2.4% in May from 2.2% in April while Core CPI remains unchanged at 3%. Uptick was driven by base effects related to the introduction of a cheap public-transportation ticket (so-called 49€ ticket), which pushed prices down 12 months ago. But also food price inflation quickened (for a 2nd month). Source: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Germany's inflation rose to 2.4% in May from 2.2% in April while Core CPI remains unchanged at 3%.](https://blog.syzgroup.com/hubfs/7-May-30-2024-02-37-07-9076-PM.jpg) ![Germany's inflation rose to 2.4% in May from 2.2% in April while Core CPI remains unchanged at 3%.](https://blog.syzgroup.com/hubfs/7-May-30-2024-02-37-07-9076-PM.jpg) 21 May 2024 - - - #### Deflationary forces are intensifying again in germany. Producer prices fell by 3.3% YoY in April. In March, the decline was 2.9%. PPI is a good leading indicator for CPI. Source: Bloomberg, HolgerZ [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Deflationary forces are intensifying again in germany.](https://blog.syzgroup.com/hubfs/21-May-21-2024-03-35-46-3223-PM.jpg) ![Deflationary forces are intensifying again in germany.](https://blog.syzgroup.com/hubfs/21-May-21-2024-03-35-46-3223-PM.jpg) 16 May 2024 - - - #### The issue with europe: 1\) Over-regulation; 2) Too much bureaucracy: 3) Lack of hashtag#innovation. As shown below, Tech champions are lacking. Source: Bloomberg [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![The issue with europe:](https://blog.syzgroup.com/hubfs/1715769518725.jpg) ![The issue with europe:](https://blog.syzgroup.com/hubfs/1715769518725.jpg) 15 May 2024 - - - #### Germans already work much less than others, but German unions and some left politicians are seriously requesting move to four days workweek without pay cut Source: FT, Michel A.Arouet [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Germans already work much less than others, but German unions and some left politicians are seriously requesting move to four days workweek without pay cut](https://blog.syzgroup.com/hubfs/1715671104032.jpg) ![Germans already work much less than others, but German unions and some left politicians are seriously requesting move to four days workweek without pay cut](https://blog.syzgroup.com/hubfs/1715671104032.jpg) 14 May 2024 - - - #### European companies feeling less positive about investing in China. Source: Bloomberg [#europe|](https://blog.syzgroup.com/syz-the-moment/tag/europe) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![European companies feeling less positive about investing in China.](https://blog.syzgroup.com/hubfs/3-1.png) ![European companies feeling less positive about investing in China.](https://blog.syzgroup.com/hubfs/3-1.png) 10 May 2024 - - - #### German business model was based on: 1\. Cheap energy from Russia; 2 Cheap subcontractors in Eastern Europe; 3. Steadily growing exports to China. All three are gone by now Source: Michel A.Arouet, Bloomberg [#europe|](https://blog.syzgroup.com/syz-the-moment/tag/europe) [#Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) ![German business model was based on:](https://blog.syzgroup.com/hubfs/15-May-10-2024-03-48-59-8560-PM.jpg) ![German business model was based on:](https://blog.syzgroup.com/hubfs/15-May-10-2024-03-48-59-8560-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/42) [41](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/41) [42](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/42) [43](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/43) [44](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/44) [45](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/45) [❯](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/44) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/55?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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