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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: IMF: Introducing cryptocurrencies as legal tender is unreasonable and risky. Prouza: Rate hike will be a problem for exporters, good news for customers. Experts: Chip supplies for the automotive industry will only return to normal next year. According to Rusnok, Schillerová's statement regarding the CNB's rate hike is incompetent. According to economists, industry results indicate a slower economic recovery. Fuel prices in the Olomouc region have risen again since last week. Consumer confidence in the US fell to a seven-month low in September. According to economists, inflation will exceed five percent by the end of the year and the CNB will further increase rates. North Korea is looking for new solutions to food shortages, breeding black swans for food. Gasoline and diesel are the most expensive in almost 7 years, according to analysts, the price will continue to rise. The Czech Republic's August foreign trade results disappointed analysts' expectations. Fixed.zone received the CNB's approval for a public offering of shares today. Bloomberg: Taxing the empty apartments of the rich will not solve the housing crisis. The Nobel Prize in Economics is awarded to David Card, Joshua Angrist and Guido Imbens.

Stock exchanges: Chinese oil company CNOOC plans to enter the Shanghai stock exchange. The price of aluminum has risen to 3,000 USD per ton for the first time in 13 years. Týnský Kovostroj expects record sales, interest in window profiles is huge. The price of aluminum has risen to its highest level in 13 years due to the coup in Guinea. The recovery in the diamond market continues, De Beers sold the most stones since February. The price of gold rose to a monthly maximum after the weakening of the dollar and bond yields. The EU and the US have resolved the protracted dispute over tariffs on aluminum and steel imposed by Trump.

Finance: Moneta's net profit has increased by more than half to CZK 2.9 billion. UniCredit: The advantage of buying residential real estate has fallen significantly further. British banking company Barclays doubled its quarterly profit. Three-quarters of Czechs do not believe in investments, the elderly have the most knowledge. Banking Association: 11 percent of Czechs are in risky debt this year. Economist: Current inflation will last for several more years. Precious metals are getting cheaper this year, industrials have become more expensive by tens of percent. Equity funds have earned over 16 percent this year, bond funds have lost 0.9 percent. SAB Finance will pay out CZK 68 million in dividends for the first half of the year. Goldman Sachs' quarterly profit surges, surpassing expectations. Moody's: Islamic bond issuance will not grow this year for the first time in five years. Hungary's central bank raises key interest rate to 1.65 percent. The Bank of England leaves interest rates unchanged, but expects inflation to rise. Equity funds have earned over 13 percent this year, bond funds have lost 0.6 percent. The head of the German central bank, Jens Weidmann, is resigning for personal reasons. DER Touristik Eastern Europe has resolved bankruptcy insurance with a bank guarantee. Lufthansa wants to raise 2.1 billion euros from the sale of shares to repay a state loan. The quarterly profit of the American bank JPMorgan rose by 24 percent. The Polish central bank intends to continue increasing its gold reserves. The share of foreign investors with Czech bonds increased in the first half of the year. Citigroup, Morgan Stanley and Bank of America's profits beat expectations. Gold and silver sales in the Czech Republic are growing significantly, with Golden Gate up 22 percent. Global Payments launches acceptance of cryptocurrencies through its payment terminals. G7 leaders approve principles for central bank digital currencies.