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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: US inflation fell to 2.5 percent in August, the lowest in three and a half years. China has invested over $100 billion in clean energy abroad since 2023. Eurozone business activity unexpectedly fell in September, Germany faces recession. Reuters: China faces rising obesity due to economic problems and automation. Number of hundred-millionaires has increased by 54 percent in a decade, most in China and the US. Analysts expect annual inflation to accelerate in September due to the comparison base. Inflation in Poland rose for the fifth consecutive month in August, reaching 4.3 percent. Inflation in Hungary fell to 3.4 percent, the lowest in three and a half years. Analysis: 4,088 entrepreneurs went bankrupt in the Czech Republic this year, seven percent more year-on-year. onsemi: Without investment incentives, production in Rožnov could not expand. IfW: The German economy will continue to decline this year. Saudi oil revenues will fall more than expected this decade, the IMF says. AP: The Olympics were a success for Paris, but a disaster for some companies. The number of corporate bankruptcies in Germany increased by almost a quarter in the first half of the year. Prices in industry and construction rose in August, while prices in agriculture fell again. Survey: Two-thirds of Czechs perceive the current situation as an economic crisis. Analysis: The number of corporate bankruptcies increased by nine percent this year to 524. The average wage in the Czech Republic rose to CZK 45,854, the growth was below market expectations. Analysis: The share of companies in the Czech Republic that use a virtual office has increased to 25 percent. The board of directors of the Czech branch of Dun & Bradstreet will be headed by Kateřina Klosová. CNB: The balance of payments ended the 2nd quarter with a deficit of CZK 3.7 billion. Inflation in August remained at 2.2 percent, exceeding the estimates of analysts and the CNB. Retailers' sales accelerated growth in July, but according to analysts, it is still slow. SAP: The introduction of AI would increase the value of domestic companies by an average of 16 percent. Reuters: The German economy will decline again this year, leading economic institutes expect.

Stock exchanges: The price of gold exceeded $2,600 per troy ounce for the first time. The price of gold is at another record, having surpassed the $2,550 per troy ounce mark. Mining giant Rio Tinto is in talks to take over lithium miner Arcadium. Among commodities on the markets this year, cocoa and gold have become more expensive, while steel and corn have become cheaper.

Finance: Analysts: Floods in Central Europe may cause losses of up to billions of euros. Survey: Almost 70 percent of Czech adults save for retirement somehow. CNB: Banks' net profit increased by eight percent in the first half of the year to 59.9 billion CZK. Bloomberg: Floods in Central Europe will cause significant losses for insurance companies. Survey: 14 percent of Czechs have no financial reserves. Air Bank Group's net profit increased by five percent in the first half of the year to 1.3 billion CZK. J&T Bank's net profit increased by 27 percent in the first half of the year to 3.94 billion CZK. Raiffeisen Bank shares weaken after shares of its branch in Russia were frozen. China's central bank cuts interest rates, will consider further support by the end of the year. Jet Investment Group sells Třebíč-based Tedom group to Japan's Yanmar Group. Russia's central bank raises base rate by one percentage point to 19 percent. The Bank of England leaves base rate at five percent. China's central bank introduces largest economic stimulus measure since pandemic. The Swiss central bank cuts base rate by a quarter of a point to 1.00 percent. Study: Fintech companies' revenues rose last year, but market valuations fell. Ministry of Finance: Number of new building savings contracts increased by 4.1 percent in the first half of the year.