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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: EY: The vast majority of companies expect a decline in sales in April. The Swiss economy is likely to fall the most in 45 years due to the coronavirus. Survey: Seven percent of people lost their jobs during the epidemic. Survey: One fifth of companies consider government support sufficient. EY: The number of mergers and acquisitions in the Czech Republic fell by 13 percent last year to 282. Unemployment in Germany rose to 5.8 percent in April. Parliamentary committees supported laws, MPs propose further measures. Confidence in the Czech economy fell by a record 19.6 points in April. Experts: The decline in confidence was expected, the numbers may improve in May. There is interest in new lung ventilators in a number of countries, said the company MICo. Japanese exports suffer steepest decline in almost four years. YPO: 11 percent of company bosses worldwide fear bankruptcy. Governor: Australian economy to weaken most since 1930s. Year-on-year inflation in Germany in April fell to lowest since 2016. Bubenik Partners: Digital companies are coping best with the crisis. CZSO: Patent applications filed by Czechs increased to 767 last year. US states are gradually easing restrictions, but the threat of contagion remains. CZSO: Industrial prices slowed year-on-year growth to 0.4 percent in March.

Stock exchanges: Diamo is preparing a project to explore a gold deposit in the Jesenické region. Forbes: Where to go next when the price of oil fell below zero for the first time. WTI oil fell by 306 percent, sellers still have to pay. The price of gold in euros exceeded 1600 euros for the first time.

Finance: Credit Suisse increased its profit, but warned of the possible impacts of the virus. PPF gave 200 million to the fight against coronavirus, aid also went to the USA. Deutsche Bank expects a profit for the first quarter, the market expected a loss. Erste's profit fell by 38 percent in the first quarter due to coronavirus. The volume of bank loans in March increased by 27 billion to 6.16 trillion CZK. The Russian Central Bank cut interest rates, expects a GDP decline of up to 6 percent. Deutsche Bank remained profitable in the quarter, the market expected a loss. The Japanese Central Bank is introducing massive support measures. ČS, KB, ČSOB and Moneta will first join the smart quarantine. IPS: The fortune of billionaires in the US increased by 10 percent during the pandemic. Dědek: The Czech National Bank should take advantage of the situation and reduce the main interest rate to zero. Index: The average price of compulsory insurance did not change in March. The share of foreign investors holding Czech bonds fell. Banks in Slovakia will not have to create higher reserves after all. Czech Republic's net profit fell by 19.8 percent in the first quarter to CZK 3.2 billion. Banks will join smart quarantine at the beginning of next week. Banks in Slovakia saw a significant drop in profit in the first quarter. Russia's largest bank Sberbank's quarterly profit fell by 47 percent. Golden Gate precious metals sellers saw sales increase by 214 percent this year. Banks received over a quarter of a million requests for loan repayment deferrals. Banks gradually began to open their entire branch network. Fitch agency downgraded Italy's credit rating due to coronavirus. The Development Bank supported entrepreneurs with CZK 15 billion by May 3.