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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: Consumer confidence in the US has fallen to a six-month low. Sales in services continue to fall, falling by 5.2 percent year-on-year in the third quarter. The inflation rate in Hungary fell below ten percent in October for the first time since last spring. The Czech Republic is the sick man of Europe, trapped in mediocrity, wrote the newspaper Die Welt. The Japanese economy fell sharply in the third quarter, the threat of recession is growing. Le Monde: Cyprus has become a key base for the porn industry due to taxes. Analysts: The construction market cannot be expected to recover, it will fall even further this year. Year-on-year price growth slowed to 7.3 percent in November, the Czech Statistical Office announced. Stock: The trend of lower consumption of spirits continues, it will be affected by higher taxes next year. The German economy shrank by 0.1 percent quarter-on-quarter in the third quarter. Analysts expect annual inflation to slow to seven percent in November. The Czech economy will no longer avoid a decline this year, analysts agree. Analysts: The real purchasing power of Czechs has decreased to the level of 2018. Economist: A fifth of medical costs in the Czech Republic go to heart and blood vessel diseases. According to analysts, October's industrial growth was more of a fluctuation than a change in trend. The Japanese economy shrank by 2.9 percent in the third quarter, less was expected. The economic downturn in the third quarter was more pronounced than the Czech National Bank expected. Inflation in Britain fell sharply, with a value of 4.6 percent, it is the lowest in two years. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. Analysts: The impact of economic stagnation on unemployment is minimal. The price of Russian Urals oil fell in November, but remained above the price ceiling. The Czech National Bank was concerned about price adjustments due to rising energy prices during rate negotiations. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter.

Stock exchanges: The price of gold rose to a six-month high near $2,020 per ounce. Bloomberg: The fall in the price of lithium is deepening, already reaching 75 percent this year. The price of gold has climbed above $2,000 per troy ounce again. The price of emission allowances in the EU fell below 72 euros per ton due to the slowdown in industry.

Finance: The head of the German central bank warned against hasty interest rate cuts. Moody's downgrades US rating outlook to negative due to fiscal deficits. Survey: Financial situation of Czech households improved slightly year-on-year. Index: Mutual funds made significant profits for investors in November. IMF: Rapid easing of monetary policy in the eurozone would be a costly mistake. Net profit of ČSOB Group in three quarters fell by five percent to CZK 13.6 billion. Kellner family to merge its assets, including PPF, into Amalar holding. Hungary's central bank again reduced the base interest rate by 0.75 percentage points. CNB warns against LeadX Group Ltd., which offers investments. Survey: Czechs want to counter inflation by investing in gold or real estate. The value of US households' assets fell for the first time in a year in the third quarter. Association: Non-banking companies provided 11 percent more money in three quarters. Moody's downgraded China's credit rating outlook from stable to negative. The Polish central bank left interest rates unchanged, a cut was expected. From today, only platforms licensed by the Czech National Bank can offer investment crowdfunding. Survey: According to 71 percent of Czech households, Christmas will cost up to CZK 15,000. CBA: To send money to some banks, the recipient's phone number is enough. J&T Banka has completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat.