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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 Czech Republic has deteriorated in economic freedom, ranking 22nd in the world. Inflation in Turkey fell below 50 percent for the first time in more than a year in September. SB: China's economic growth will continue to slow next year. China's economic growth slowed to 4.6 percent in the quarter, but exceeded estimates. Study: The global mergers and acquisitions market is slowly recovering, increasing by a tenth this year. The Prague company of the year is the switchboard manufacturer Conteg, a sole proprietor of the Polová goldsmith's shop. China has invested over USD 100 billion in clean energy abroad since 2023. Analysts expect an acceleration in year-on-year inflation in September due to the comparison base. Goldman Sachs bank improved the outlook for the Chinese economy for this year and next. Experts: The Czech economy needs cheaper energy, but it won't get it soon. A chip development center has started operating in Brno in cooperation with Taiwan. The WTO has improved its estimate of this year's growth in world trade in goods to 2.7 percent. The Nobel Prizes for Science will be awarded on Monday, and the APA has 22 favorites. Analysts: August's industrial growth was due to factory-wide holidays at car factories. Study: Thanks to production at Třinecké železárny, the state has earned CZK 54 billion in 14 years. Inflation in the US slowed to 2.4 percent in September, a more significant decline was expected. CNB: Czech household debts rose to CZK 2.33 trillion in August. The CNB's foreign exchange reserves increased by CZK 7.5 billion year-on-year to EUR 138.1 billion in September. Analysis: 4,088 entrepreneurs went bankrupt in the Czech Republic this year, up seven percent year-on-year.

Stock exchanges: Silver climbed to a 12-year high, gold is also breaking records. The Czech National Bank bought almost five tons of gold in the third quarter, holding 46.41 tons. The price of gold exceeded $2,700 per troy ounce for the first time. Thyssenkrupp is reconsidering plans to produce so-called green steel.

Finance: The Russian Central Bank has raised the base interest rate to a record 21 percent. Index: The average Czech investor in funds earned 8.65 percent this year. Bank identity launched electronic signing without registration. The Hungarian Central Bank left the base interest rate at 6.50 percent. Survey: Two-thirds of Czechs are trying to value their money, 41 percent are investing. According to the head of the City, London has lost 40,000 jobs in the financial sector due to Brexit. The Czech National Bank is preparing to sell its branch building in Ústí nad Labem. Boeing needs up to 35 billion USD, is struggling with production problems and strikes. Komerční banka increased its net profit by 0.9 percent to 12.64 billion CZK in three quarters. Survey: Czechs prefer real estate investments, followed by savings accounts. Volkswagen's sales fell in the quarter, Moody's lowered the company's rating outlook. The European Central Bank will probably cut rates in October, the French governor said. The Swiss bank UBS returned to profit in the third quarter, exceeding estimates. Survey: Most Czechs are going into debt due to extraordinary expenses and larger investments. EU auditors: Budget errors reached 5.6 percent, fraud persists. Partners Bank has 70,000 clients in six months, more than other new banks. South Korea's central bank has cut interest rates for the first time in more than four years. China's central bank is introducing the largest measures to support the economy since the pandemic. Bank of America and Citigroup's quarterly profits fell, Goldman Sachs earned more. Swiss central bank cut base rate by a quarter of a point to 1.00 percent. China's central bank has cut interest rates, will consider further support by the end of the year. Survey: Ten percent of Czechs cannot afford a mortgage.