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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: Consumer confidence in the US has fallen, but inflation expectations have improved. The Japanese economy accelerated its growth rate to six percent in the second quarter. GDP fell year-on-year, but grew quarter-on-quarter, stagnation is expected for the whole 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. Česmad: There are fewer orders for truck carriers, this may be a harbinger of a crisis. HK analysis: The Czech Republic has exhausted all growth factors, lost its competitive advantages. Fuel prices in the Czech Republic have further increased in the week, reaching multi-month highs. Bundesbank: The German economy will probably stagnate again in the third quarter. CVVM: Three-fifths of Czechs are in favor of progressive income taxation, the trend is unchanged. Analysts: Inflation is falling due to the comparative base, the effect is being exhausted. According to the Ministry of Finance, Czech GDP will fall by 0.2 percent this year, with annual inflation of 10.9 percent. Business activity in the eurozone is declining rapidly, and the service sector is already in recession. Moody's: Global economic growth will slow due to persistent high inflation. China emerged from deflation in August. Exports from China fell for the fourth consecutive month in August, trade slowdown persists. Association: Arms exports from the Czech Republic almost doubled last year to 30 billion crowns. Inflation in the eurozone remained at 5.3 percent in August, growth was expected to moderate. Orders from German industry fell, German exporters are now pessimistic. Analysts: Higher costs are behind the decline in construction output, it is not profitable to build. Study: In the Czech Republic, bankruptcies of companies and entrepreneurs increased in August.

Stock exchanges: The price of gold fell below $1,900 per ounce, the lowest since the end of June. Gas for the European market is becoming more expensive again due to planned strikes in Australia. The price of gold fell to a five-month low of below $1,890 per ounce. Analysts: A global shortage of lithium could occur as early as 2025.

Finance: Analyst: Commodity prices on the markets have been falling this year, the index is down five percent. The Partners Group expects to open Partners Bank to clients in the spring. China unexpectedly reduced some loan interest rates to support the economy. The Russian central bank surprisingly raised the base interest rate, wants to stop the fall of the ruble. Powell: It is not certain whether interest rates are high enough to curb inflation. The Turkish central bank unexpectedly raised the base interest rate to 25 percent. Comparator: Ten bond issuers have been insolvent in a year and a half, or 1.7 percent. Partners has received a banking license from the Czech National Bank, the new bank will be called Partners Banka. Comparator: The volume of corporate bonds fell in June, but yields increased. Analysts: The decline in the price of gold is due to the strengthening of the dollar. Index: Most mutual funds have made money for investors this year, especially equity funds. J&T Bank's net profit increased by two billion to 3.1 billion crowns in the first half of the year. Swiss bank UBS had a record profit thanks to the takeover of Credit Suisse. Survey: A quarter of people in the Czech Republic have experienced a store stopping accepting cards. Association: The number of payment cards in the Czech Republic increased by 750,000 this year to 14.75 million. CNBC: Fitch agency warns of downgrading dozens of banks, including JP Morgan. S&P agency downgrades Casino chain, indicates probable bankruptcy. Russian Sberbank to pay three billion rubles in extraordinary tax to the budget. Chinese real estate giant warns of high loss, concerns about the real estate sector grow. Reuters: British bank Barclays plans to lay off 400 people.