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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: Sentix: Investor confidence in the eurozone economy is the highest since February. Coface: The Czech Republic has 78 representatives in the ranking of the 500 largest companies in the region. CRIF: The fewest companies will be created in the Czech Republic this year since 2014. Analysts: Foreign trade also performed better than expected in October. Atradius: The world economy will fall by 4.3 percent this year,. Survey: Companies are coping with the second wave of the pandemic better than the first. Large companies are likely to reduce dividends this year by the most since 2009. The number of suspended trades has increased by 39 percent this year to 90,000. Consumer confidence in Britain has fallen to a six-month low. Prices in Japan have fallen by the most in a decade, deflation is threatening. Bain: Sales of luxury goods will fall to a record low this year. IMF: Global economy is recovering, but may lose momentum. WTO: World trade has recovered significantly, but a slowdown is likely. The Indian economy is in recession for the first time in history due to the coronavirus. Developer CTP sold green bonds for 10.5 billion crowns. The Slovak economy slowed down the rate of decline to 2.4 percent. Bankruptcies in the US are at a 14-year low despite the pandemic. Bisnode: The number of companies at risk in the Czech Republic increased by a quarter to 21,900. The US economy grew at a record pace of 33.1 percent. The Confederation of Industry fears an increase in the European climate target.

Stock exchanges: The price of gold fell to a four-month low near 1,830 USD.

Finance: Experts: Czech National Bank indicated that it is not afraid of further growth in real estate prices. E15: AAA Auto was fined by the Czech National Bank for errors in car loans. Bloomberg: Banks have already announced the largest layoffs in 5 years this year. Goldman Sachs will establish a headquarters for equity trading in Paris. CBA: The excess of corporate deposits with banks over loans doubled in October. Chinese banks will increase their profits again next year, the Bank of China expects. Co-owner of Penta Haščák has given up executive positions in the group. Partners: The average performance of mutual funds in October was negative. The Czech National Bank drew attention to the activities of CROWD1 Network and Impact Crowd. Raiffeisenbank took control of Raiffeisen stavební spořitelna. The Czech National Bank left the reserve to protect the credit market at 0.5 percent. According to the analysis, the risk for Slovak banks is loan defaults. EU sells more special bonds, high interest continues. RTR: Morgan Stanley moves 100 billion euros from Britain to Frankfurt. Provident: More clients now need to borrow for current expenses. ECB: Consumers are using cashless payments more due to the virus. Golden Gate CZ's sales increased by 110 percent to three billion CZK. The Czech National Bank imposed a fine of twenty million CZK on Expobank CZ. Survey: Two-thirds of parents save for their children. Czech households' debts to banks rose to 1.842 trillion in October. The Office for the Competition and Consumer Protection: Česká spořitelna may buy Sparkasse. ČSOB survey: Half of businesses had to limit their activities. Half of Czechs would provide their birth number or ID card online. According to the Czech National Bank, the banking sector has maintained its resilience even during the pandemic.