Prehľad dňa — 9. októbra

WORLD

• PowerGen secured investment from All On to support solar project development in Nigeria. The investment amount remains undisclosed, but currency volatility complicates financing of solar projects in the region.
• The USA supported Slovakia’s timeline for phasing out Russian oil, but the Adriatic route is the only realistic option for oil. Minister of Economy Denisa Saková discussed American LNG and oil supplies in Washington.

EUROPE

• China’s share of the British electric vehicle market reaches 28.1 percent, leading to consideration of tariffs on Chinese electric vehicles. Aligning British tariffs with the EU could avoid ‘Made in Europe’ barriers, but China’s retaliation threatens.
• Czech retail sales grew by 4.3 percent in August, slower than in July. Fuel sales revenues, however, fell by 3.2 percent.
• Britain is considering tariffs on Chinese electric vehicles in response to the growing share of Chinese brands in the market.

SLOVAKIA

• Parliament debated the budget with a deficit of 4.94 percent of GDP, which the opposition criticizes. The debate on the budget proposal for 2027 to 2029 continues.

GOLD

• New US unemployment support claims fell to 197,000, slightly below estimates. Spot gold traded at 4,122.37 USD per ounce.
• Valcambi and Shiu Wing Steel plan a refinery in Hong Kong, but it is currently only a non-binding intention. Project conditions are unknown.
• Spot silver price fell by more than 1 percent to 58.89 USD per ounce, but Nate Miller of Amplify ETFs still sees a long-term growth trend.
• Spanish Mountain Gold released drilling results of 295.5 m with 0.54 g/t gold, with higher content occurring only in shorter sections.

STOCKS

• Manus secured new financing of over 500 million USD from Boyu Capital and IDG Capital, although China’s NDRC canceled its acquisition by Meta for approximately 2 billion USD. The company did not disclose the valuation of the round.
• Bridgewater Associates founder Ray Dalio stated that stock gains still cover their advantage over bonds, but that advantage is narrowing. He expects a decline in bonds and tightening of credit.

CRYPTO

• Bitcoin ETFs recorded an outflow of 484.9 million USD, the largest outflow since June. Cumulative inflows still reach 57.8 billion USD and the market does not expect further Fed rate hikes in October.

Translated from the Slovak original and checked automatically: every figure must match the source, or this version is not published.