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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: Analysts: The decrease in unemployment was surprising given the decline in GDP. The Czech Republic is the sick man of Europe, trapped in mediocrity, wrote the newspaper Die Welt. Analysts: Concerns about economic developments are reflected in the decline in retail sales. Prague's self-employed woman of the year: The best marketing is to be your own influencer. The Japanese economy fell sharply in the third quarter, the threat of recession is growing. Analysis: Budget expenditures for 2024, when adjusted for inflation, correspond to 2019. According to analysts, October's industrial growth was more of a fluctuation than a change in trend. The most valuable Czech companies are ČEZ, EPH and Agrofert, according to the Seznam Zpráv ranking. In recent years, the CNB has intervened only under an exchange rate commitment and last year. Inflation rate in Japan rose to 3.3 percent in October, services are also becoming more expensive. Analysts agree that the Czech economy will not avoid a decline this year. Inflation rate in Hungary fell below ten percent in October for the first time since last spring. Consumer confidence in the US fell to a six-month low. CSSA: The number of entrepreneurs in the Czech Republic increased by 27,000 this year to a record 1.131 million. Sales in services continue to decline, falling by 5.2 percent year-on-year in the third quarter. During the negotiations on rates, the Czech National Bank was concerned about price adjustments due to rising energy prices. The price of Russian Urals oil fell in November, but remained above the price ceiling. Le Monde: Cyprus has become a key base for the porn industry due to taxes. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. Stock: The trend of lower consumption of spirits continues, next year it will be affected by higher taxes. China recorded a foreign investment deficit for the first time since 1998. Inflation rose to 8.5 percent in October, but according to experts, inflationary pressures are weakening.

Stock exchanges: Commodity prices on the markets have mostly fallen this year, their index has written off 8.5 percent. The price of gold has risen to a six-month high near $2,020 per ounce. The price of gold has climbed to a record high after the speech of Fed Chairman Powell. The American company ExxonMobil plans to become a leading lithium producer.

Finance: According to the head of the central bank, the decline in inflation in Poland will slow down. The banking association expects a GDP decline of 0.4 percent this year, and growth of 1.8 percent next year. The six largest banks in the Czech Republic saw their profits fall by CZK 1.3 billion year-on-year to CZK 57.1 billion. Survey: The financial situation of Czech households improved slightly year-on-year. The head of the German central bank warned against hasty interest rate cuts. Entrepreneurs Tykač and Holeček established a foundation that will support the CEVRO school. Moody's downgraded China's credit rating outlook from stable to negative. Fuchs leads the combined online comparison sites Srovnejto.cz, Klik.cz and ePojisteni.cz. China recorded a quarterly outflow of foreign direct investment. Survey: According to 71 percent of Czech households, Christmas will cost up to CZK 15,000. The Polish central bank left interest rates unchanged, a reduction was expected. Survey: Domestic dollar millionaires are increasingly becoming investors. The Czech National Bank warned against LeadX Group Ltd., which offers investments. J&T Banka completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. Analyst: Commodity prices on the markets have rather fallen this year, the index is in the red by 6.8 percent. The Kellner family will incorporate its assets, including PPF, into the Amalar holding. Bloomberg: SpaceX offered additional shares, the company's value exceeds 175 billion USD. Turkey increased the base interest rate to 40 percent due to high inflation. Hypoindex: The average mortgage rate fell to 6.01 percent in early November.