6 320,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Czech Republic's August foreign trade results disappointed analysts' expectations. According to Rusnok, Schillerová's statement regarding the CNB's rate hike is incompetent. Farmers: The strengthening of the koruna exchange rate will reduce EU subsidies in real terms. According to economists, the results of industry indicate a slower economic recovery. According to economists, inflation will exceed five percent by the end of the year and the CNB will further increase rates. SP: Three-quarters of companies have seen an increase in the prices of raw materials and supplies. The richest ten percent of Americans own a record 89 percent of US stocks. Fuel prices in the Olomouc region have risen again since last week. JPMorgan: The koruna and ruble will perform better in inflation than other comparable currencies. Last week, CNB board members Michl and Dědek voted again in favor of keeping rates unchanged. IMF: Introducing cryptocurrencies as legal tender is unwise and risky. Gasoline and diesel are the most expensive in almost 7 years, according to analysts, the price will continue to rise. Nobel Prize in Economics awarded to David Card, Joshua Angrist and Guido Imbens. Exporters: Exports from the Czech Republic will be a record 3.8 trillion this year, but the balance will be negative. North Korea is looking for new solutions to food shortages, raising black swans for food. IMF mission: Czech economy will grow by 2.6 percent this year, by 3.5 percent next year. Inflation rose significantly in October to 5.8 percent and will continue to rise.

Stock exchanges: The price of gold rose to a monthly high after the dollar and bond yields weakened. EU and US to 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. Bloomberg: The world is at risk of another price shock, silicon has risen in price by 300 percent. The world's largest diamond miner has warned that supplies will be limited for several years. Týnský Kovostroj expects record sales, interest in window profiles is huge.

Finance: The Polish central bank has increased interest rates the most since 2000. Deutsche Bank analyst: Real yields will probably remain negative for a long time. UniCredit: The profitability of buying residential real estate has further decreased significantly. Česká spořitelna earned a third more in the first three quarters than a year ago. According to the minutes of the meeting, the Fed could limit bond purchases in November. The Polish central bank surprisingly increased the base interest rate to half a percent. Expensive oil has increased the assets of the Russian state investment fund to a record. Moneta's net profit has increased by more than half to CZK 2.9 billion. British banking company Barclays doubled its quarterly profit. American bank JPMorgan's quarterly profit has increased by 24 percent. Acquisition Capital claims can be filed until November 1. The study found that only a handful of people and companies still hold the most bitcoins. Banks will pay more into reserves to protect the credit market. Australian company Zip has completed the purchase of Czech fintech Twisto. Chinese developers are having trouble finding buyers for their billion-dollar assets. Index: The average Czech investor in funds earned 5.43 percent this year. South Korea's central bank raised its interest rate for the second time this year. Banks provided mortgages worth CZK 40.4 billion in October, slightly more than in September. Economist: Current inflation will last for several more years. Global Payments launches acceptance of cryptocurrencies through its payment terminals. Survey: 70 percent of people study loan terms for at least an hour. Profits of Citigroup, Morgan Stanley and Bank of America exceeded expectations.