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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: China's gross domestic product grew by 4.9 percent year-on-year in the third quarter. The Czech National Bank has again left rates unchanged, according to Michl they will be higher than the forecast recommends. Analysts: Planned tax changes will not affect the construction and real estate markets. The inflation rate in Turkey fell for the first time in four months, to 61.4 percent. TPA: The number of mergers and acquisitions in the Czech Republic and their volume increased year-on-year in the third quarter. Activity in the eurozone business sector surprisingly continues to decline, a survey has shown. Analysts: Czechs' concerns about the economic situation are behind the decline in retail sales. Analysts: The decline in confidence in the economy indicates a problem with the recovery. IMF: Germany will probably become the third largest economy this year, dethroning Japan. The Czech National Bank is putting a new five-thousand-crown note into circulation, the old ones remain valid. GDP in the second quarter fell by 0.6 percent year-on-year, below the pre-pandemic level. Zamrazilová: Monetary policy was weaker than central banks would have liked. The Czech National Bank has worsened the economic outlook, expecting a GDP decline this year, weaker growth next year. Study: Excise tax on sweetened beverages will bring billions and reduce obesity. Economist: The global economy has shifted from liberalism to greater state intervention. Inflation in Slovakia slowed to 8.2 percent in September, the lowest since last year. According to analysts, the Czech National Bank will not change interest rates at the upcoming meeting. The inflation rate in the eurozone fell to 4.3 percent in September, a more moderate decline was expected. Investor survey: 52 percent of people in the region believe that lithium mining can be beneficial.

Stock markets: Gold price falls to lowest in nearly seven months, nearing $1,800 per ounce. FT: Wheat prices fall as Russia replaces Ukrainian supplies. Gold price falls to six-month low near $1,870 per ounce. Gas price for European market continues to rise, climbing to 50 euros per MWh. China to limit exports of graphite, important raw material for batteries, from December. Second largest US producer of synthetic diamonds goes bankrupt.

Finance: PPF Group had a net profit of 17.4 billion CZK in the first half of the year, compared to a loss of 9.8 billion last year. Study: Non-cash transactions in the world will increase by 17 percent this year to 1.3 trillion. Analysis: Health insurance for foreigners became cheaper by 40 percent after the abolition of the monopoly. Komerční banka's profit fell by 4.9 percent in three quarters to CZK 12.4 billion. Hypomonitor: The volume of mortgages in September increased by 90 percent year-on-year, rates fell. The Polish central bank reduced the base interest rate by a quarter of a percentage point. The Hungarian central bank surprisingly reduced the base interest rate to 12.25 percent. IBM bought the Czech-American software company Manta. Comparator: The volume of corporate bonds increased in July, but yields fell. Austria's Erste, which owns Česká spořitelna, increased its profit by 40 percent. Křetínský: The EU is losing competitiveness against the US due to climate policy. Study: Artificial intelligence could revolutionize healthcare in the future. Reuters: China's Country Garden has not paid its debt repayment, creditors want to negotiate. Survey: 17 percent of Czech women and 25 percent of Czech men invest, the amount of men's investments is higher. Russia's largest bank Sberbank had another record profit in the third quarter. The Fed left the base interest rate unchanged, as expected. The Japanese central bank continues its exceptionally loose monetary policy. The Czech National Bank warns against a company that is abusing the name J&T Investment Company. The Turkish central bank has increased the base interest rate to 30 percent due to inflation. The Fed chief did not rule out further interest rate increases, referring to the strength of the US economy.