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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: Imports to China unexpectedly rose in October, while exports fell more significantly. Industry and construction remain weak, the trade balance was helped by a drop in imports. Inflation in Britain fell sharply, to a two-year low of 4.6 percent. Economist: A fifth of medical costs in the Czech Republic go to heart and blood vessel diseases. Analysts: Concerns about economic developments are reflected in the decline in retail sales. The Czech National Bank left the interest rate at seven percent, the crown strengthened significantly. The most valuable Czech companies are ČEZ, EPH and Agrofert, according to the Seznam Zpráv ranking. The Czech National Bank: Czech households' debts to banks rose to CZK 2.24 trillion in October. When negotiating rates, the Czech National Bank was concerned about price adjustments due to rising energy prices. Japan's economy fell sharply in the third quarter, the threat of recession is growing. Sales in services continue to fall, falling by 5.2 percent year-on-year in the third quarter. Consumer confidence in the US fell to a six-month low. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter. The Czech Republic is the sick man of Europe, it is trapped in a mediocrity trap, wrote the daily Die Welt. Analysts: The foreign trade surplus is more likely due to a faster decline in imports. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. CSSA: The number of entrepreneurs in the Czech Republic increased by 27,000 this year to a record 1.131 million. The price of Russian Urals oil fell in November, but remained above the price ceiling. Inflation in Germany surprisingly fell significantly in November, to 2.3 percent. The decline in industrial production in Germany has accelerated, according to an analyst, a recession is imminent. CRIF: In October, 1,067 companies were added in the Czech Republic, 172 fewer than in the same period last year. The crown strengthened by 12 haler in response to the CNB's decision to leave rates unchanged.

Stock exchanges: The price of gold climbed to a record high after the speech of Fed Chairman Powell. 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. Commodity prices on the markets have mostly fallen this year, their index has written off 8.5 percent.

Finance: Survey: The financial situation of Czech households has improved slightly year-on-year. The Hungarian Central Bank has again reduced the base interest rate by 0.75 percentage points. The Czech National Bank has eased mortgage rules, but experts do not expect a major market recovery. The Polish central bank left interest rates unchanged, a reduction was expected. Index: Equity mutual funds lost money for investors in October, while bonds made money. J&T Banka has completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. Survey: According to 71 percent of Czech households, Christmas will cost up to CZK 15,000. IMF: Rapid easing of monetary policy in the eurozone would be a costly mistake. Entrepreneurs Tykač and Holeček have established a foundation that will support the CEVRO school. The Czech National Bank has warned against the company LeadX Group Ltd., which offers investments. Hypomonitor: The volume of mortgages in October increased by 123 percent year-on-year, rates fell. The governor of the Polish central bank, Glapiński, defends himself against critics of his leadership style. Turkey raised the base interest rate to 40 percent due to high inflation. Hypoindex: The average mortgage rate fell to 6.01 percent in early November. The six largest banks in the Czech Republic saw their profits fall by 1.3 billion to 57.1 billion CZK year-on-year. UBS had a loss of 785 million USD in the quarter due to the costs of taking over Credit Suisse. The Banking Association expects GDP to decline by 0.4 percent this year, and growth of 1.8 percent next year. Raiffeisenbank's net profit fell by 27.5 percent to 3.96 billion CZK this year. CBA: To send money to some banks, the recipient's phone number is enough.