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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: Study: Global mergers and acquisitions market slowly revives, grew by a tenth this year. Nobel Prize in Economics awarded to scientists for research into the impact of institutions on prosperity. Analysts: August industrial growth was driven by factory-wide holidays at car factories. Business activity in the eurozone unexpectedly fell in September, Germany faces recession. Czech National Bank plans to increase share of stocks in foreign exchange reserves, will strengthen share of US stocks. Analysis: Number of corporate bankruptcies increased by nine percent this year to 524. The Nobel Prize in Science awards ceremony will begin on Monday, APA has 22 favorites. Analysts expect year-on-year inflation to accelerate in September due to the comparative base. China has invested over USD 100 billion in clean energy abroad since 2023. Inflation in Britain fell to 1.7 percent in September, the lowest since spring 2021. IMF chief expects weak growth and high debt in the medium term. Survey: 56 percent of small entrepreneurs considered closing their businesses. Industrial prices slowed year-on-year growth in September, while agriculture eased the decline. WTO improves estimate of this year's growth in world trade in goods to 2.7 percent. Inflation in Turkey fell below 50 percent in September for the first time in more than a year. Prague company of the year is switchgear manufacturer Conteg, owner of the goldsmith's shop Polová. Inflation in the US slowed to 2.4 percent in September, a more significant drop was expected. Analysts expect another CNB interest rate cut, probably to 4.25 percent. Poles are upset that Draghi did not talk to them when writing the report on Europe's lagging behind.

Stock markets: Gold price exceeds $2,700 per troy ounce for the first time. Gold price exceeds $2,600 per troy ounce for the first time. Thyssenkrupp is reconsidering plans to produce so-called green steel. Mining giant Rio Tinto is in talks to take over lithium miner Arcadium.

Finance: The British central bank left the base interest rate at five percent. Survey: Czechs prefer real estate investments, followed by savings accounts. The Swiss central bank cut the base interest rate by a quarter of a point to 1.00 percent. Pressure is growing in the ECB to further reduce interest rates, but Slovak Governor Kažimír is against it. The Fed cut the base interest rate by half a point to a range of 4.75 to 5.00 percent. Analysis: Banks are cutting interest rates on savings accounts, with the highest rates around four percent. The Japanese central bank left interest rates unchanged. Survey: Two-thirds of the Czech population do not know what a long-term investment product is. Bloomberg: Floods in Central Europe will cause significant losses for insurance companies. The Chinese central bank has cut key interest rates to support growth. Survey: Most Czechs are going into debt due to extraordinary expenses and larger investments. Survey: The share of Czechs who save over CZK 5,000 per month has risen to 27 percent. The South Korean central bank has cut interest rates for the first time in more than four years. Hypomonitor: The volume of mortgages in September fell by CZK 8.1 billion to CZK 24.2 billion. Survey: Ten percent of Czechs cannot afford a mortgage. The world's longest-serving central bank chief may get another term. New HSBC chief changes corporate structure, first woman to be CFO. Hungary's central bank cuts key interest rate to 6.50 percent. Expert: If healthcare doesn't change, access to care will decrease. Volkswagen's sales fall in the quarter, Moody's downgrades company's rating outlook. Partners Banka has 70,000 clients in six months, more than other new banks. Genesis Growth Equity Fund I bought a majority stake in Slovak company TechPlasty.