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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 be awarded on Monday, APA has 22 favorites. Analysts: August industrial growth was due to factory-wide holidays at car factories. The Spanish central bank has increased its GDP growth estimate to 2.8 percent thanks to tourism. Czech society has become richer in 35 years, but it has also become more comfortable, said Petr Doškář from the Ministry of Industry and Trade. Experts: The Czech economy needs cheaper energy, but it will not get it soon. Analysis: The number of corporate bankruptcies increased by nine percent this year to 524. Analysts expect an acceleration in annual inflation in September due to the comparative base. Inflation in the US fell to 2.5 percent in August, the lowest in three and a half years. SB: Growth in the Chinese economy will continue to slow next year. Inflation in Turkey fell below 50 percent in September for the first time in more than a year. The Czech National Bank will replace banknotes and coins damaged in floods for people and companies. Analysts expect another CNB interest rate cut, probably to 4.25 percent. 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. The CNB left the reserve rate for protecting the credit market at 1.25 percent. Analysis: The share of companies in the Czech Republic that use a virtual office has increased to 25 percent. Analysis: Trade between Britain and the EU has fallen by more than a quarter in the last three years. The number of hundred-millionaires has increased by 54 percent in ten years, most in China and the US. Inflation in the US slowed to 2.4 percent in September, a more significant decline was expected. CNB: The balance of payments ended the 2nd quarter with a deficit of CZK 3.7 billion. Excellent: Foresters will receive CZK 2 billion instead of CZK 500 million for their operations next year.

Stock exchanges: Of the commodities on the markets this year, cocoa and gold have become more expensive, while steel and corn have become cheaper. Thyssenkrupp is reassessing plans for the production of so-called green steel. Mining giant Rio Tinto is negotiating the takeover of lithium miner Arcadium. The price of gold has exceeded $2,600 per troy ounce for the first time. The platinum market is likely to show its largest deficit in the last ten years this year.

Finance: The IMF has agreed with Ukraine to release another USD 1.1 billion. The world's longest-serving central bank chief may get another term. Raiffeisen Bank shares weaken after shares of its branch were frozen in Russia. Germany sold part of its stake in Commerzbank to Italy's UniCredit for 702 million euros. Analysis: Banks are reducing interest rates on savings accounts, the highest are around four percent. South Korea's central bank has cut interest rates for the first time in more than four years. Survey: Most Czechs are going into debt due to extraordinary expenses and larger investments. Hypomonitor: The volume of mortgages fell by 8.1 billion to 24.2 billion CZK in September. Volkswagen's sales fell in the quarter, Moody's lowered the company's rating outlook. Index: The average Czech investor in funds earned 8.65 percent this year. Allianz Trade: Global economic growth will remain around 2.8 percent until 2026. Japan's central bank left interest rates unchanged. Analysts: The price of gold, which has been breaking records this year, will probably continue to rise. Bank identity launched electronic signing without registration. Hypoindex: The average mortgage rate in September fell by 0.04 points to 5.38 percent. Partners Bank has 70,000 clients in six months, more than other new banks. Air Bank Group's net profit increased by five percent in the first half of the year to CZK 1.3 billion. Pressure is growing in the ECB to further reduce interest rates, Slovak Governor Kažimír is against it. CNB: Banks' net profit increased by eight percent in the first half of the year to CZK 59.9 billion.