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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: SP: Three-quarters of companies reported an increase in raw material and material prices. China's production prices rose to a record high in September due to commodity prices. Experts: Chip deliveries to the automotive industry will only return to normal next year. ČEZ received almost CZK 1.5 billion from the state, which is interest in the dispute over the allowance tax. According to economists, industry results indicate a slower economic recovery. Gasoline and diesel are the most expensive in almost 7 years, according to analysts, the price will continue to rise. Inflation has accelerated significantly again, for example, tomatoes have become more expensive by 60 pct.. JPMorgan: The crown and the ruble will perform better in inflation than other comparable currencies. Businesses: The sharp increase in CNB rates will hit Czech companies hard. North Korea is looking for new solutions to food shortages, raising black swans for food. Economists predict that inflation will exceed five percent by the end of the year and the Czech National Bank will raise rates further. IMF: El Salvador should not use the cryptocurrency Bitcoin as legal tender. Fuel prices in the Olomouc region have risen again since last week. IMF: Introducing cryptocurrencies as legal tender is unreasonable and risky. Analysts: Industry fell in September due to a shortage of parts for car production. Last week, Czech National Bank board members Michl and Dědek voted again in favor of keeping rates unchanged.

Stock exchanges: The world's largest diamond miner warned that supplies will be limited for several years. The price of gold rose to a five-month high after news of high inflation in the US. The EU and the US will begin negotiations on a global agreement on sustainable steel and aluminum. The price of zinc has increased significantly due to production outages, reaching its highest level in 14 years. The EU and the US have resolved a protracted dispute over tariffs on aluminum and steel imposed by Trump.

Finance: Česká spořitelna earned a third more in the first three quarters than a year ago. Shares of Indian Paytm fell by more than a fifth during their debut on the stock exchange. Czechs plan to spend an average of CZK 12,700 for Christmas, according to a survey. EBRD invests ten million euros in green bonds of the Photon Energy group. Survey: 70 percent of people study loan terms for at least an hour. The price of gold has fallen by 7.5 percent this year, silver and platinum have become even cheaper. Economist: Current inflation will last for several more years. Moneta's net profit has increased by more than half to CZK 2.9 billion. South Korea's central bank has raised interest rates for the second time this year. Australian company Zip has completed the purchase of Czech fintech Twisto. The head of the German central bank Jens Weidmann is resigning for personal reasons. Australia's largest bank CBA will offer people cryptocurrency trading. Acquisition Capital claims can be filed until November 1. Russian Expobank, which also does business in the Czech Republic, is negotiating the sale of its activities in Europe. G7 officials have approved principles for central bank digital currencies. Global Payments is launching the acceptance of cryptocurrencies through its payment terminals. Rockaway Blockchain Fund invested over CZK 110 million in 1Inch. Fincentrum: The volume of mortgages has increased by 90 percent this year, last year was a record. The British central bank did not raise interest rates, but the pound weakened significantly. The study found that only a handful of people and companies still hold the most bitcoin. According to the survey, about a third of people are not going to protect their savings against inflation. Index: The average Czech investor in funds earned 5.43 percent this year. Deutsche Bank analyst: Real returns will probably remain negative for a long time. Precious metals are getting cheaper this year, industrial ones have become more expensive by tens of percent.