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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 12 Feb 2024 - - - #### Believe it or not, Germany is the Number 1 coal consuming country in the EU... If one really cared about climate, would one shut down nuclear or coal power plants first? Source: Michael A. Arouet [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Believe it or not, Germany is the Number 1 coal consuming country in the EU...](https://blog.syzgroup.com/hubfs/14-Feb-12-2024-10-50-11-1822-AM.jpg) ![Believe it or not, Germany is the Number 1 coal consuming country in the EU...](https://blog.syzgroup.com/hubfs/14-Feb-12-2024-10-50-11-1822-AM.jpg) 8 Feb 2024 - - - #### Europe deindustrialization continues German industrial production fell for 7th consecutive month in December, the longest decline in the history of the data series. The 1.6% MoM decline came as a huge downside surprise. Source: Bloomberg, HolgerZ [#europe|](https://blog.syzgroup.com/syz-the-moment/tag/europe) [#Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) ![Europe deindustrialization continues](https://blog.syzgroup.com/hubfs/10-Feb-08-2024-01-54-17-8694-PM.jpg) ![Europe deindustrialization continues](https://blog.syzgroup.com/hubfs/10-Feb-08-2024-01-54-17-8694-PM.jpg) 8 Feb 2024 - - - #### Eurozone Retail Sales Volume Source: The Daily Shot [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Eurozone Retail Sales Volume](https://blog.syzgroup.com/hubfs/1-Feb-08-2024-01-17-50-9922-PM.jpg) ![Eurozone Retail Sales Volume](https://blog.syzgroup.com/hubfs/1-Feb-08-2024-01-17-50-9922-PM.jpg) 6 Feb 2024 - - - #### German factory orders unexpectedly advanced at year end GERMANY DEC. FACTORY ORDERS RISE 2.7% Y/Y; EST. -5.3% - BBG \*GERMANY DEC. FACTORY ORDERS RISE 8.9% M/M; EST. -0.2% That jump —defying a median economist estimate of a 0.2% decline — was thanks to major orders, without which there would have been a 2.2% drop , Destatis said. Source: Bloomberg, C.Barraud [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![German factory orders unexpectedly advanced at year end](https://blog.syzgroup.com/hubfs/13-2.jpg) ![German factory orders unexpectedly advanced at year end](https://blog.syzgroup.com/hubfs/13-2.jpg) 6 Feb 2024 - - - #### Germany's exports to Kyrgyzstan were up 1200% in 2023 vs before Russia invaded Ukraine... Source: Robin Brooks [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Germany's exports to Kyrgyzstan were up 1200% in 2023 vs before Russia invaded Ukraine...](https://blog.syzgroup.com/hubfs/9-3.jpg) ![Germany's exports to Kyrgyzstan were up 1200% in 2023 vs before Russia invaded Ukraine...](https://blog.syzgroup.com/hubfs/9-3.jpg) 5 Feb 2024 - - - #### The reason why tighter bank lending conditions bite Eurozone economy faster, while US companies still don’t suffer under higher rates due to longer duration. Source: Patrick Krizan, Michel A.Arouet [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![The reason why tighter bank lending conditions bite Eurozone economy faster, while US companies still don’t suffer under higher rates due to longer duration.](https://blog.syzgroup.com/hubfs/35.jpg) ![The reason why tighter bank lending conditions bite Eurozone economy faster, while US companies still don’t suffer under higher rates due to longer duration.](https://blog.syzgroup.com/hubfs/35.jpg) 2 Feb 2024 - - - #### European stocks are currently trading at their lowest valuation relative to U.S. Stocks in history Source: Win Smart, IBES [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![European stocks are currently trading at their lowest valuation relative to U.S. Stocks in history](https://blog.syzgroup.com/hubfs/2-3.jpg) ![European stocks are currently trading at their lowest valuation relative to U.S. Stocks in history](https://blog.syzgroup.com/hubfs/2-3.jpg) 1 Feb 2024 - - - #### Germany troubles in one chart. Retail sales have fallen by 4.4% in Dec YoY. This means that even Christmas sales fell through. Germans have gone on a buyers' strike since the outbreak of inflation & have even cut back on gifts for children during the Christmas season. This also explains why Germany has some of the toughest competition in the retail sector and the lowest profit margins there. Source: Bloomberg, HolgerZ [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Germany troubles in one chart. Retail sales have fallen by 4.4% in Dec YoY.](https://blog.syzgroup.com/hubfs/4-2.jpg) ![Germany troubles in one chart. Retail sales have fallen by 4.4% in Dec YoY.](https://blog.syzgroup.com/hubfs/4-2.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/47) [46](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/46) [47](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/47) [48](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/48) [49](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/49) [50](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/50) [❯](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/49) [❯❯](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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