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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: Analysts: August industrial growth was driven by factory-wide holidays at car factories. The Czech National Bank left the credit market protection reserve rate at 1.25 percent. SAP: The introduction of AI would increase the value of domestic companies by an average of 16 percent. Retailers' sales accelerated growth in July, but according to analysts, it is still slow. China has invested over 100 billion USD in clean energy abroad since 2023. Business activity in the eurozone unexpectedly fell in September, Germany is facing a recession. Analysis: 4,088 entrepreneurs went bankrupt in the Czech Republic this year, seven percent more year-on-year. The Czech National Bank's foreign exchange reserves increased by 7.5 billion to 138.1 billion euros in September year-on-year. Analysis: Trade between Britain and the EU has fallen by more than a quarter in the last three years. Survey: 56 percent of small entrepreneurs considered closing their businesses. onsemi: Without investment incentives, production in Rožnov could not expand. Inflation in Turkey fell below 50 percent for the first time in more than a year in September. Industry and trade did not do well in July, construction increased year-on-year. The number of hundred-millionaires has increased by 54 percent in ten years, most in China and the USA. The German economy will show zero growth this year, the Ifo Institute estimates. Reuters: The German economy will fall again this year, leading economic institutes expect. Prices in industry and construction rose in August, while prices in agriculture fell again. Analysis: The share of companies in the Czech Republic that use a virtual office has risen to 25 percent. Inflation in the USA fell to 2.5 percent in August, the lowest in three and a half years. The average wage in the Czech Republic rose to 45,854 CZK, growth was below market expectations. Poles are upset that Draghi did not speak to them when writing the report on Europe's lagging behind. The Nobel Prizes for Science will be awarded on Monday, APA has 22 favorites. Analysis: The number of corporate bankruptcies has increased by nine percent this year to 524.

Stock markets: Rio Tinto will buy Arcadium for 6.7 billion USD, will be a key lithium miner. The price of gold is at another record, having surpassed the 2,550 USD mark per troy ounce. Of the commodities on the markets this year, cocoa and gold have become more expensive, while steel and corn have become cheaper. Silver has climbed to a 12-year high, and gold is also breaking records. The platinum market will probably show the largest deficit in the last ten years this year.

Finance: IMF agrees with Ukraine to release another $1.1 billion. China's central bank introduces largest economic support measure since pandemic. Analysts: Floods in Central Europe may cause losses of up to billions of euros. Germany sold part of its stake in Commerzbank to Italy's UniCredit for 702 million euros. Analysis: Banks reduce interest rates on savings accounts, the highest are around four percent. Survey: Czechs prefer real estate investments, followed by savings accounts. MMR: Five annual household incomes are needed to buy an average-sized apartment in the Czech Republic. Japan's central bank left interest rates unchanged. J&T Bank's net profit rose by 27 percent in the first half of the year to 3.94 billion crowns. Study: Fintech companies' revenues rose last year, but market valuations fell. Pressure is growing in the ECB to further reduce interest rates, Slovak Governor Kažimír is against it. The Chinese central bank has reduced interest rates, will consider further support by the end of the year. The Jet Investment Group sold the Třebíč-based Tedom Group to the Japanese Yanmar Group. Gold and cocoa have become more expensive on the markets this year, while cotton and wheat have become cheaper. Hypoindex: The average mortgage rate in September fell by 0.04 points to 5.38 percent. Partners Bank has 70,000 clients in six months, more than other new banks. UniCredit has bought more Commerzbank shares, may become the largest shareholder.