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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: Deník N: Zbrojař Strnad is moving the company's headquarters from the Netherlands to the Czech Republic. The capital in the registered capital of domestic companies is the lowest since 2013. According to the office, 179,393 properties do not have a clear owner. Industry and construction are not doing well, the EC has worsened the estimate of the economic downturn. IMF: The US economy faces risks and a long road to recovery. The Paramo refinery ended last year with a loss of almost 87 million crowns. Survey: Companies are missing orders, but they are not planning major layoffs. State debt rose above two trillion crowns in the first half of the year. Japanese exports fell by 15.4 percent in the first half of the year, the most since 2009. Global consumer confidence fell to a record low in the quarter. The Chamber of Commerce has opened a warehouse for supplies of protective equipment. Atradius expects the world's worst economic recession since 1980. KPMG: A fifth of people have become more modest, 400,000 Czechs have major problems. SB: The Russian economy will fall by six percent this year, the most since 2009. Exports from Germany continued to fall sharply in May. India has a trade surplus for the first time in 18 years due to the coronavirus. Investor and analyst confidence in the German economy has fallen slightly. Analysts: The impact of the pandemic on unemployment will be noticeable in the fall. A record 4.8 million jobs were created in the US in June. Aerospace increased its profit to 13 million last year.

Stock markets: Gold and bitcoin gained in value in the first half of the year, the price of oil fell. The Kladno Stock Exchange saw an increase in trades in the first half of the year, but their value fell. Gold continues to rise in price due to coronavirus, close to an eight-year high. Critic: We haven't received an answer, the government and ČEZ management are in synergy.

Finance: According to the Czech National Bank, withdrawals from COVID programs increased by CZK 900 million per week. Household debts with banks rose to CZK 1.784 trillion in May. Mutual funds suffered losses in the first half of the year, especially equity funds. The ECB left the base interest rate at a record low of zero percent. June inflation was 0.4 points higher than the Czech National Bank estimated. The Slovak Central Bank has preliminarily reduced the reserve ratio for banks. Minutes of the Czech National Bank's meeting: There is no need to further loosen monetary policy. Experts: Companies will need state aid programs even in the fall. Survey: Economic elite does not expect a rapid economic recovery. The number of currency exchange offices in the Czech Republic decreased last year, and there were also fewer client complaints. Swiss bank Julius Baer had a record profit in the first half of the year. Insurance companies: The number of accidents increases by tens of percent in the summer. The number of vacancies in the British financial sector fell by 60 percent. Dozens of millionaires called on governments to tax the rich higher. CBA: The volume of new mortgages fell by five percent in May to 14.8 billion. Coronavirus halved interest in cash on delivery. AP: The hottest commodity in Lebanon is the US dollar. Zlato.cz: CNB increased foreign exchange reserves by 1.2 tons of gold. Goldman Sachs has a higher profit, exceeding expectations. ECB leaves interest rates unchanged, calls on governments to support economy. CITIC Group to strengthen position in Chinese investment banking.