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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Nobel Prizes for Science will begin on Monday, APA has 22 favorites. China has invested over $100 billion in clean energy abroad since 2023. Inflation accelerated to 2.6 percent in September, contributed to by rising food prices. Survey: 56 percent of small entrepreneurs considered closing their businesses. Today will be the last day for CNB cash desks in Pilsen, Ústí nad Labem and České Budějovice. Analysts expect an acceleration in annual inflation in September due to the comparative base. A chip development center has started operating in Brno in cooperation with Taiwan. IMF chief expects weak growth and high debt in the medium term. CNB plans to increase the share of stocks in foreign exchange reserves, will strengthen the share of American stocks. CNB: Czech household debt rose to 2.33 trillion crowns in August. Analysts: Nobel laureates have shown the importance of institutions for prosperity. Study: The global mergers and acquisitions market is slowly recovering, it has increased by a tenth this year. Inflation in Turkey fell below 50 percent in September for the first time in more than a year. The CNB's foreign exchange reserves increased by 7.5 billion to 138.1 billion euros in September year-on-year. Inflation in the US slowed to 2.4 percent in September, a more significant decline was expected. The Prague company of the year is the switchboard manufacturer Conteg, the sole proprietor of the goldsmith's shop Polová. The Czech Republic has deteriorated in economic freedom, ranking 22nd in the world. The growth of the Chinese economy slowed to 4.6 percent in the quarter, but exceeded estimates. Experts: The Czech economy needs cheaper energy, but it will not get it soon.

Stock exchanges: The Czech National Bank bought almost five tons of gold in the third quarter, holding 46.41 tons. Rio Tinto to buy Arcadium for USD 6.7 billion, will be a key lithium miner. Economist: Investors in gold have made around ten percent in real terms since Covid. The price of gold has exceeded $2,700 per troy ounce for the first time. Mining giant Rio Tinto is negotiating the takeover of lithium miner Arcadium.

Finance: Hypomonitor: The volume of mortgages fell by CZK 8.1 billion in September to CZK 24.2 billion. Komerční banka increased its net profit by 0.9 percent to CZK 12.64 billion in three quarters. Survey: Most Czechs are in debt due to extraordinary expenses and larger investments. The Swiss Central Bank has cut its base rate by a quarter of a point to 1.00 percent. Survey: 14 percent of Czechs have no financial reserves. Survey: Ten percent of Czechs cannot afford a mortgage. Bank identity launched electronic signing without registration. Moneta's net profit for the three quarters increased by 6.6 percent year-on-year to 4.2 billion CZK. Morgan Stanley bank increased its quarterly profit by a third to 3.2 billion USD. China's central bank has cut key interest rates to support growth. Volkswagen's sales fell in the quarter, Moody's lowered the company's rating outlook. Survey: The share of Czechs who save over 5,000 CZK per month has increased to 27 percent. Boeing needs up to 35 billion USD, is struggling with production problems and strikes. Norway's largest bank DNB will take over the Swedish investment bank Carnegie. Hypomonitor: Mortgage volume fell by CZK 8.1 billion in September to CZK 24.2 billion. Survey: Two-thirds of the Czech population does not know what a long-term investment product is. Index: The average Czech investor in funds earned 8.65 percent this year. The Czech National Bank is preparing to sell the branch building in Ústí nad Labem. Allianz Trade: Global economic growth will remain around 2.8 percent until 2026. Survey: Czechs prefer real estate investments, followed by savings accounts. Partners Banka has 70,000 clients in six months, more than other new banks.