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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 Czech National Bank is putting a new five-thousand-crown note into circulation, the old ones remain in force. Study: Excise tax on sweetened beverages will bring in billions and reduce obesity. Unemployment in the Czech Republic remained at 3.6 percent in September, the weak economy is not showing. Inflation in September was 6.9 percent, the decline exceeded the expectations of analysts and the Czech National Bank. The inflation rate in Turkey fell for the first time in four months, to 61.4 percent. According to analysts, the Czech National Bank will not change interest rates at the upcoming meeting. Investor survey: 52 percent of people in the region believe that lithium mining can benefit. Zamrazilová: Monetary policy was weaker than central banks would have liked. Survey: Almost half of Czechs think inflation is higher now than last year. TPA: The number of mergers and acquisitions in the Czech Republic and their volume in the third quarter increased year-on-year. Survey: Companies want to invest by the end of the year as much as at the beginning of the year. Michl: The Czech National Bank is leaving all options open for the currency negotiations in November. Analysts: Czechs' concerns about the economic situation are behind the decline in retail sales. E15: The Czech National Bank will eliminate approximately 75 out of 1,516 jobs due to savings. Activity in the eurozone business sector is surprisingly continuing to decline, the survey showed. The Czech National Bank has worsened the economic outlook, expecting a decline in GDP this year and weaker growth next year. The Czech National Bank has added two commemorative silver coins to its plan for 2025. Inflation in Britain remained at 6.7 percent in September, a slight decline was expected. Analysts: Declining confidence in the economy points to a problem with the recovery.

Stock exchanges: Gas prices in Europe hit their highest since February, up 45 percent in a week. The price of gas for the European market continues to rise, climbing to 50 euros per MWh. The price of gold rose to a weekly high due to the Middle East. The price of gold fell to a six-month low of around 1,870 USD per ounce. China will limit exports of graphite, an important raw material for batteries, starting in December. The second-largest American producer of synthetic diamonds went bankrupt. The Czech National Bank more than doubled the volume of its gold reserves in the first three quarters.

Finance: Index: The average Czech investor in funds earned 5.1 percent by the end of September. Italian banking group UniCredit increased its profit by 36 percent in the third quarter. IMF: In the event of an economic downturn, about five percent of banks may face problems. The wealth of Czech households increased last year, but the increase did not exceed inflation. Crowdfunding platforms have one month left to obtain a license from the Czech National Bank. Moneta Money Bank's net profit fell by 3.7 percent year-on-year to CZK four billion. JP Morgan and Wells Fargo increased their profit year-on-year, benefiting from the growth in interest income. The Fed chief did not rule out further interest rate increases, referring to the strength of the US economy. Bank of America increased its quarterly profit by one tenth, but Goldman Sachs' profit fell. Study: Developers pay for projects with loans in addition to their own capital. The Hungarian central bank surprisingly reduced the base interest rate to 12.25 percent. Austria's Erste, which owns Česká spořitelna, increased its profit by 40 percent. Study: Artificial intelligence could revolutionize healthcare in the future. Survey: 17 pct Czech men and 25 pct Czech women invest, the amount of men's investments is higher. The Russian Central Bank has raised interest rates more significantly than expected. The IMF has lowered its estimate of global economic growth for 2024, leaving this year's unchanged. Reuters: China's Country Garden has not paid its debt repayment, creditors want to negotiate. The Czech National Bank warns against a company that is abusing the name of J&T Investment Company. Market fears are growing about the insolvency of the Chinese real estate company Country Garden.