64 000,00 USD

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

Economy: Gasoline and diesel are the most expensive in almost 7 years, according to analysts, the price will continue to rise. El Salvador is preparing to become the first country to accept bitcoin as a national currency. Electricity shortage in China is closing factories, analysts are worsening growth prospects. The Exporters' Association warned against artificial strengthening of the koruna exchange rate. Inflation has exceeded four percent, the highest since November 2008. The Czech National Bank will resume the sale of part of the proceeds from foreign exchange reserves after nine years. The Czech Republic's August foreign trade results disappointed analysts' expectations. Consumer confidence in the US fell to a seven-month low in September. Fixed.zone received the CNB's approval for a public offering of shares today. Industrial producer prices rose 9.9 percent year-on-year in September, the most since 1993. Year-on-year inflation was estimated to have stagnated in August. According to businessmen, expensive energy has already affected the production of companies, including the chemical company Duslo. The richest ten percent of Americans own a record 89 percent of US stocks. Investor confidence in the eurozone economy has reached its lowest level in six months.

Stock exchanges: The price of aluminum has risen to $3,000 per ton for the first time in 13 years. Car manufacturers' problems with chips are reducing the prices of platinum group metals. The price of zinc has increased significantly due to production outages, reaching its highest level in 14 years. The price of gas in the US has fallen from a seven-year high, but interest in the raw material continues. Chinese oil company CNOOC plans to enter the Shanghai stock exchange. After three weeks of strike action, the world's largest copper miner has reached an agreement with unions.

Finance: South Korea's central bank has raised interest rates. European Commissioner Gentiloni warned against tightening monetary policy too soon. Interest in the 12th issue of bonds for citizens was at a record high, the state launched a new issue. G7 leaders approved principles for central bank digital currencies. The Czech National Bank will no longer limit the payment of bank dividends across the board. The volume of housing loans fell in July, but it is still the third strongest month. The largest banks have announced an increase in mortgage rates. Reuters: China's Evergrande missed the deadline for paying interest on bonds. The quarterly profit of the American bank JPMorgan rose by 24 percent. Banks will not immediately respond to the CNB's rate increase by raising the price of loans. The Norwegian central bank has raised the base interest rate from zero to 0.25 percent. Moody's: Issuance of Islamic bonds will not grow this year for the first time in five years. The Hungarian central bank has raised the base interest rate again. The Polish central bank has surprisingly raised the base interest rate to half a percent. Household deposits in banks increased by 9.3 billion in August and exceeded three trillion CZK. The investment wine market is at its peak, prices increased by 5.5 percent on average. The largest banks have announced an increase in mortgage rates. Economist: Current inflation will last for several more years. Lufthansa wants to raise 2.1 billion euros from the sale of shares to repay a state loan. The head of the German central bank Jens Weidmann is resigning for personal reasons. UniCredit: The advantage of buying residential real estate has further decreased significantly. SAB Finance will pay out 68 million CZK in dividends for the first half of the year. DER Touristik Eastern Europe has solved the bankruptcy insurance with a bank guarantee. Equity funds have earned over 16 percent this year, bond funds have lost 0.9 percent. Bloomberg: Kellner family considers options for Home Credit.