6 430,00 USD

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

Economy: According to estimates, year-on-year inflation was rather stagnant in August. Experts: Deliveries of chips for the automotive industry will not return to normal until next year. Mikov achieved the withdrawal of a fake copy of the fish knife from two manufacturers. Inflation exceeded four percent, the highest since November 2008. Fixed.zone received the approval of the Czech National Bank for a public offering of shares today. At the end of September this year, the state collected CZK 15 billion more in taxes than a year ago. Inflation has accelerated significantly again, for example, tomatoes have become more expensive by 60 percent. The Czech Republic's August foreign trade results disappointed analysts' expectations. Lack of electricity in China is closing factories, analysts are worsening growth prospects. Ten percent of the richest Americans own a record 89 percent. shares in the US. Investor confidence in the eurozone economy has fallen to its lowest level in six months. El Salvador is the first country to adopt bitcoin as its national currency. IMF: Introducing cryptocurrencies as legal tender is unwise and risky. Bloomberg: Taxing the empty apartments of the rich will not solve the housing crisis. Nobel Prize in Economics awarded to David Card, Joshua Angrist and Guido Imbens.

Stock markets: The recovery in the diamond market continues, De Beers sold the most stones since February. The price of aluminum is the highest in a decade due to concerns about supplies from China. Chinese oil company CNOOC plans to enter the Shanghai stock exchange. The price of zinc has increased significantly due to production outages, reaching its highest in 14 years. After three weeks of strike, the world's largest copper miner has reached an agreement with unions. The price of gold rose to a monthly high after the dollar and bond yields weakened.

Finance: Citigroup, Morgan Stanley and Bank of America's profits exceeded expectations. The largest banks announced an increase in mortgage lending rates. The quarterly profit of the American bank JPMorgan rose by 24 percent. European Commissioner Gentiloni warned against tightening monetary policy too soon. Expensive oil increased the assets of the Russian sovereign wealth fund to a record. According to the minutes of the meeting, the Fed could limit bond purchases in November. Banks will pay more into reserves to protect the credit market. Interest in bonds for citizens in the 12th issue was a record, the state has launched a new issue. The head of the US central bank will speak online at the Jackson Hole symposium. The Russian central bank raised interest rates for the fifth time this year. Gold has fallen in price by almost a tenth this year, oil, gas and coal have risen significantly. The South Korean central bank has raised interest rates. DER Touristik Eastern Europe has solved its bankruptcy insurance with a bank guarantee. The Danish central bank has slightly lowered interest rates. Sales of gold and silver in the Czech Republic are growing significantly, with Golden Gate up 22 percent. The Hungarian central bank has raised the base interest rate to 1.65 percent. The investment wine market is at its peak, with prices up 5.5 percent on average. Index: The average Czech investor in funds earned 5.43 percent this year. Sales of gold bars and coins were the highest this year since 2013. The Polish central bank surprisingly raised the base interest rate to half a percent. Equity funds earned over 16 percent this year, while bond funds lost 0.9 percent. G7 leaders approve principles for central bank digital currencies. Share of foreign investors holding Czech bonds rose in first half of year. Ministry of Finance today sold negative-yielding euro bonds amid high interest.