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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: Mazars: Half of investors expect sales growth in the next 12 months. Manufacturing production in Japan is the lowest since 2009. According to the head of the ECB, the coronavirus will lead to fundamental changes in the economy. India has a trade surplus for the first time in 18 years due to the coronavirus. Japanese exports fell by 15.4 percent in the first half of the year, the most since 2009. Investor and analyst confidence in the German economy fell slightly. IMF: The US economy faces risks and a long road to recovery. Analysts: The Czech National Bank has no reason to further loosen monetary policy. Survey: A quarter of companies in the Czech Republic plan to robotize in the coming years. In Cuba, US dollars are returning to shops due to Covid. The earnings season begins in the US, probably the worst since the financial crisis. In Slovakia, personal bankruptcies have decreased after the outbreak of coronavirus. KPMG: A fifth of people have become more modest, 400,000 Czechs have major problems. The Italian central bank has worsened the outlook for economic development. Maláčová: The priority of the reform is pensions for demanding professions and educational benefits. Analysts: The impact of the pandemic on unemployment will be noticeable in the fall. The Ministry of Labour and Social Affairs is preparing a set of measures for a possible increase in unemployment. Foreign entrepreneurs bought a third fewer Czech companies this year. According to the office, 179,393 properties do not have a clear owner. The Chinese economy grew by 3.2 percent in the second quarter.

Stock exchanges: Trades increased on the Kladno Stock Exchange in the first half of the year, but their value decreased. The price of gold rose above 1800 USD per ounce for the first time since 2011. Critic: We did not get an answer, the government and the management of ČEZ in synergy. Gold and bitcoin gained value in the first half of the year, the price of oil fell.

Finance: ČBA: The volume of new mortgages fell by five percent in May to 14.8 billion. Mutual funds lost money in the first half of the year, especially equity funds. The Slovak Central Bank has tentatively reduced the reserve ratio for banks. The Ministry of Finance sold bonds in euros for the first time this year, interest was high. Minutes of the CNB meeting: There is no need to further loosen monetary policy. According to the CNB, withdrawals from COVID programs increased by 900 million CZK in a week. Dozens of millionaires have called on governments to tax the rich higher. The COVID plus program has been expanded to include transportation and tourism. Bank of America has significantly lower profits, Morgan Stanley higher. CITIC Group will strengthen its position in Chinese investment banking. June inflation was 0.4 points higher than the CNB estimated. Coronavirus halved interest in cash on delivery. Deutsche Bank is considering helping the banking division of bankrupt Wirecard. JPMorgan's profit has fallen by more than half. Index: Czech exports are expected to recover in the next five months. Wüstenrot - building society will become Moneta Building Society. CNB: The number of complaints about exchange offices fell by half last year. According to the CNB, companies from COVID programs drew CZK 12 billion as of July 10. AP: The hottest commodity in Lebanon is the US dollar. The ECB left the base interest rate at a record low of zero percent. Household debts to banks rose to CZK 1.784 trillion in May.