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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) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [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) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [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) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [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) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [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) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 18 Mar 2026 - - - #### Everyone has heard about the German carmakers' crisis. Take a look at what's going on in its key chemical sector: production is at levels seen during the GFC, and this during good times, even before the current energy crisis. Source: Bloomberg, 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) ![Everyone has heard about the German carmakers' crisis.](https://blog.syzgroup.com/hubfs/3-Mar-18-2026-03-04-24-8843-PM.jpg) ![Everyone has heard about the German carmakers' crisis.](https://blog.syzgroup.com/hubfs/3-Mar-18-2026-03-04-24-8843-PM.jpg) 6 Mar 2026 - - - #### Long-term inflation expectations in Germany have barely moved despite the recent escalation in the Middle East. The 10y breakeven inflation rate, a common market measure of expected inflation over the next decade, only nudged to 1.91%; still below the 2% threshold and well under the roughly 3% levels seen after Russia invaded Ukraine. This suggests that markets do not currently expect the conflict to have lasting inflationary effects. Source: Bloomberg, HolgerZ [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Long-term inflation expectations in Germany have barely moved despite the recent escalation in the Middle East.](https://blog.syzgroup.com/hubfs/8-Mar-06-2026-12-59-32-4339-PM.jpg) ![Long-term inflation expectations in Germany have barely moved despite the recent escalation in the Middle East.](https://blog.syzgroup.com/hubfs/8-Mar-06-2026-12-59-32-4339-PM.jpg) 6 Mar 2026 - - - #### Europe is the energy sucker. Chart shows SX5E vs oil (inverted). This does not mean SX5E must crash to close the gap, but it shows you clearly just how vulnerable Europe is. Source: The Market Ear [#energy|](https://blog.syzgroup.com/syz-the-moment/tag/energy) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Europe is the energy sucker.](https://blog.syzgroup.com/hubfs/5-Mar-06-2026-12-48-07-7546-PM.jpg) ![Europe is the energy sucker.](https://blog.syzgroup.com/hubfs/5-Mar-06-2026-12-48-07-7546-PM.jpg) 18 Feb 2026 - - - #### Christine Lagarde is expected to leave the ECB before her term ends in 2027, aiming to give Emmanuel Macron and Friedrich Merz the opportunity to choose her successor. With the French presidential election approaching, Lagarde may step down early to let Macron and Merz influence her ECB successor. Key stakes: filling the power vacuum, deciding among top contenders like Hernández de Cos, Knot, Schnabel, and Nagel, and shaping the ECB’s post-crisis legacy. [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Christine Lagarde is expected to leave the ECB before her term ends in 2027, aiming to give Emmanuel Macron and Friedrich Merz the opportunity to choose her successor.](https://blog.syzgroup.com/hubfs/12-Feb-18-2026-04-13-15-4303-PM.jpg) ![Christine Lagarde is expected to leave the ECB before her term ends in 2027, aiming to give Emmanuel Macron and Friedrich Merz the opportunity to choose her successor.](https://blog.syzgroup.com/hubfs/12-Feb-18-2026-04-13-15-4303-PM.jpg) 30 Jan 2026 - - - #### In Germany, the value of the country’s gold reserves has climbed to €496bn. Germany holds 3,352 tonnes of gold through the Bundesbank. More than 1,200 tonnes are stored in New York, with the rest held in Frankfurt and London. Source: HolgerZ, Bloomberg [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![In Germany, the value of the country’s gold reserves has climbed to €496bn.](https://blog.syzgroup.com/hubfs/11-Jan-30-2026-03-29-58-6981-PM.jpg) ![In Germany, the value of the country’s gold reserves has climbed to €496bn.](https://blog.syzgroup.com/hubfs/11-Jan-30-2026-03-29-58-6981-PM.jpg) 23 Jan 2026 - - - #### ECB President Christine Lagarde: "Europe is going to do a big SWOT analysis and decide what do we need to do to be strong by ourselves." Source chart : FT Source image: Reuters [#geopolitics|](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![ECB President Christine Lagarde: ](https://blog.syzgroup.com/hubfs/11-Jan-23-2026-10-07-00-8823-AM.jpg) ![ECB President Christine Lagarde: ](https://blog.syzgroup.com/hubfs/11-Jan-23-2026-10-07-00-8823-AM.jpg) 23 Jan 2026 - - - #### Excellent comments by German Chancellor Friedrich Merz in Davos today Europeans have damaged their economies. They must fix it. [#geopolitics|](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Excellent comments by German Chancellor Friedrich Merz in Davos today](https://blog.syzgroup.com/hubfs/6-3.png) ![Excellent comments by German Chancellor Friedrich Merz in Davos today](https://blog.syzgroup.com/hubfs/6-3.png) 9 Jan 2026 - - - #### In case you missed it… "German manufacturing orders for November surprised sharply to the upside, with the year-on-year figure rising +10.5%, versus expectations of +2.9%. Outside of the post-Covid rebound, this marks the strongest increase in almost 15 years. The data were boosted by large orders linked to government rearmament plans, but even stripping out such lumpy items, there has been a clear and gradual improvement in underlying momentum over recent months“ (Jim Reid, Deutsche Bank) Source: DB through Daniel D. Eckert @Tiefseher on X [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![In case you missed it…](https://blog.syzgroup.com/hubfs/1-Jan-09-2026-11-00-03-2871-AM.jpg) ![In case you missed it…](https://blog.syzgroup.com/hubfs/1-Jan-09-2026-11-00-03-2871-AM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/6) [5](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/5) [6](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/6) [7](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/7) [8](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/8) [9](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/9) [❯](https://blog.syzgroup.com/syz-the-moment/tag/europe/page/8) [❯❯](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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