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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: Moody's: Global economic growth will slow due to persistent high inflation. The Chinese economy shows signs of stabilization, manufacturing and retail have improved. Portuguese banker: ECB could reduce inflation to two percent sooner. UN: Damage caused by the spread of invasive species amounts to approximately USD 423 billion per year. The average wage in the second quarter fell by 3.1 percent in real terms, reaching CZK 43,193. Unemployment in the Czech Republic rose to 3.6 percent, economic stagnation is not reflected in it. Industrial production fell in July, construction also fell, trade in deficit. Dividend payments could be record this year, estimated the company Janus Henderson. CVVM: 57 percent of people perceive the economic situation in the Czech Republic as bad. Analysts: Inflation is falling due to the comparative base, the effect is being exhausted. Orders from German industry have fallen, German exporters are now pessimistic. Analysts: Higher costs are behind the decline in construction output, it is not worth building. Česmad: There are fewer orders for truck carriers, it may be a harbinger of a crisis. CNB: The Czech Republic's foreign debt rose to CZK 4.381 trillion in the second quarter. Indian company Adani faces accusations that it manipulated the price of its companies' shares. The inflation rate in the US accelerated to 3.7 percent in August from 3.2 percent in July. China emerged from deflation in August. The Liberec Region's company of the year is the synthetic crystal manufacturer Crytur. Analysts: The period of decline in the average real wage is the longest in the history of the Czech Republic. The German central bank expects the economy to contract this quarter. Study: Older people have money, yet traders ignore it. Business activity in the eurozone is falling rapidly, the service sector is already in recession. Michl rejects early interest rate cuts, expects low inflation next year.

Stock markets: FT: Uranium prices are at their highest in 12 years thanks to governments' interest in nuclear energy. Oil prices are falling ahead of the US central bank's decision. Russian mining giant Alrosa will open a new diamond mine in the Russian Far East. Exports of gallium and germanium products in China came to a complete halt in August.

Finance: The Fed left the key interest rate unchanged, as expected. Hypoindex: The average mortgage rate fell to 6.1 percent in early September. FT: The Norwegian sovereign wealth fund has become the largest shareholder of the Swiss bank UBS. The Czech National Bank will launch a register that will allow you to send money to a phone number. Comparator: Ten bond issuers will be insolvent in a year and a half, i.e. 1.7 percent. Survey: Czechs need to have 1.46 million CZK saved for retirement for peace of mind. The Czech National Bank: Banks' net profit in the first half of the year increased by 1.1 billion to 55.7 billion CZK. Analyst: Commodity prices on the markets have been falling this year, the index is in the negative five percent. Index: Czechs' debt is the tenth lowest in the EU, 46 percent of people in the Czech Republic have a loan. DPA: The Russian economy is growing, but the impacts of the war in Ukraine are becoming increasingly noticeable. WSJ: Visa and Mastercard are preparing to increase fees for merchants. The Slovak Budget Council has warned of the poor condition of the country's state finances. IMF: The ratio of global debt to world economic output fell again last year. J&T Bank's net profit rose by two billion to 3.1 billion crowns in the first half of the year. S&P agency downgrades Casino chain, indicating probable bankruptcy. Reuters: British bank Barclays plans to lay off 400 people. The Russian Central Bank has increased the base interest rate to 13 percent due to inflation. The Air Bank Group's net profit fell by 28 percent this year to 1.244 billion CZK.