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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) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [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 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) 8 Jan 2026 - - - #### In Germany, cold weather is rapidly draining gas storage. Facilities are now only 52% full – the lowest level for this time of year since at least 2020, and even lower than in 2022, the year Russia launched its war against Ukraine. Source: HolgerZ, Bloomberg [#energy|](https://blog.syzgroup.com/syz-the-moment/tag/energy) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![In Germany, cold weather is rapidly draining gas storage.](https://blog.syzgroup.com/hubfs/5-Jan-08-2026-04-34-25-8260-PM.jpg) ![In Germany, cold weather is rapidly draining gas storage.](https://blog.syzgroup.com/hubfs/5-Jan-08-2026-04-34-25-8260-PM.jpg) 7 Jan 2026 - - - #### In case you missed it... In Germany, inflation slowed more than expected at the end of last year. Consumer prices rose 1.8% in Dec YoY, below the 2.1% forecast. The slowdown was driven mainly by falling energy prices and a sharp easing in food inflation, which dropped to just 0.8%. Core inflation also declined to 2.4%, although service inflation remains stubbornly high at 3.5%. Source: HolgerZ, Bloomberg [#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... In Germany, inflation slowed more than expected at the end of last year.](https://blog.syzgroup.com/hubfs/7-Jan-07-2026-10-52-44-8830-AM.jpg) ![In case you missed it... In Germany, inflation slowed more than expected at the end of last year.](https://blog.syzgroup.com/hubfs/7-Jan-07-2026-10-52-44-8830-AM.jpg) 5 Jan 2026 - - - #### Brussels we have a problem... EU hit RECORD LNG imports in 2025 almost ALL from America! Russian gas? CRUSHED to zero US LNG (blue bars) exploded while Europe ditched Putin pipelines. Source: Jack Prandelli, S&P Global [#energy|](https://blog.syzgroup.com/syz-the-moment/tag/energy) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![Brussels we have a problem...](https://blog.syzgroup.com/hubfs/10-Jan-05-2026-04-25-54-0619-PM.jpg) ![Brussels we have a problem...](https://blog.syzgroup.com/hubfs/10-Jan-05-2026-04-25-54-0619-PM.jpg) 22 Dec 2025 - - - #### The K-shaped economy is not just about the US Indeed, the German economy is increasingly K-shaped: stock markets are rising, while consumer confidence is in free fall. Source: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![The K-shaped economy is not just about the US](https://blog.syzgroup.com/hubfs/9-Dec-22-2025-03-39-40-1070-PM.jpg) ![The K-shaped economy is not just about the US](https://blog.syzgroup.com/hubfs/9-Dec-22-2025-03-39-40-1070-PM.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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