Czech Republic - Factors To Watch on Oct 14

Tue Oct 14, 2008 2:38am EDT
 
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 PRAGUE, Oct 14 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday.
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)
======================== ECONOMIC DATA ========================
 September producer prices (PPI) and August foreign trade
prices data at 0700 GMT. PPI expected flat month on month, 5.6
pct up year on year.
 Real-time economic data releases....................ECONCZ
 Previous stories on Czech data.............[CZ-RTRS-LEN-ECI]
 Overview of economic data and forecasts..........<CZ/ECON15>
 Updates on Czech currency.............................[CZK/]
==========================EVENTS=============================
 PRAGUE - Forum 2000 conference "Openness and Fundamentalism
in the 21st Century: Between Traditions and Modernity". 
 Related news: [RTRS-LEN-CZ-DIP]
 PRAGUE - The Czech cabinet meets in an extraordinary
session, to discuss amendment to the law on banks, which
includes raising deposit insurance to 50,000 euros ($68,090).
 Related news: [RTRS-LEN-CZ-POL]
========================= TOP NEWS ============================
 CZECH PM: BANKS HEALTHY: The Czech financial sector is
healthy and the government and the central bank have sufficient
tools to maintain its stability, Czech Prime Minister Mirek
Topolanek said.
 Story: [ID:nLD344441] Related news: [RTRS-LEN-CZ-BNK]
 
 CZECHS SCRAP 3-YR BOND AUCTION: The Czech Finance Ministry
cancelled a planned bond auction on Monday, the second time in a
month it shied away from the market strangled by poor liquidity
among the global financial crisis.    
 Story: [ID:nLD323168] Related news: [RTRS-LEN-CZ-DBT]
 
 CZECH AUG C/A GAP IN LINE WITH FCAST: The Czech current
account posted a deficit of 12.17 billion crowns ($676.1
million) in August, in line with the market forecast of a 12.0
billion crown gap, data showed.    
 Story: [ID:nLD667244] Related news: [RTRS-LEN-CZ-ECI]
 
 CROWN SEEN SLIDING: The Czech crown is expected to weaken
1.7 percent in the next three months as investors shun riskier
emerging markets, the Czech economy slows and the central bank
cuts rates, a Reuters poll showed.
Story: [ID:nLD223889]   Related news: [RTRS-LEN-CZ-FRX]
=========================OTHER NEWS ============================
ERSTE UPGRADES PHILIP MORRIS CR: Erste Bank upgraded its
recommendation for Philip Morris CR (TABKsp.PR) to 'buy' from
'hold' and raised its price target to 8,900 crowns from 8,800
crowns, citing a recent drop in the company's share price.
  Related news: [RTRS-LEN-CZ-RCH]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                              close   on day       in 2008
 Czech Equities  .PX 0,981.5  0,888.5  +10.47        -45.93
 vs Euro     EURCZK=  24.720   24.647   -0.30         +7.20
 vs Dollar      CZK=  18.072   17.952   -0.70         +0.51
 U.S. Equities  .DJI  09,388   08,451  +11.08        -29.23
 Pvs close or current levels vs prior domestic close at 1500
======================= PRESS DIGEST===========================
CESKA SPORITELNA: Erste Bank's (ERSTsp.PR) (ERST.VI) Czech
unit has no plans to change its strategy in a reaction to the
global market turmoil, CEO Gernot Mittendorfer said. Rates on
interbank market have grown "negligibly" compared to western
markets, he said.
 E 15, page 16
 AAA AUTO TO ENTER RUSSIA: Used car dealer AAA Auto Group
(AAAAsp.PR) will enter the Russian market in spring, according
to Russian paper Kommersant. But the company said it has not
decided about a specific time yet.
 Hospodarske Noviny, page 17
 
 Reuters has not verified the media reports, nor does it
vouch for their accuracy.
 
 For Instant Views of key economic data click on
 [CZ/INSTANT]
 For summary of economic data and forecasts          <CZ/ECON01>
 For diary of forthcoming Czech events                [CZ/DIARY]
For calendar of east European economic indicators  [CONV/DIARY]
 TOP NEWS -- Emerging markets                         [TOP/EMRG]
 TOP NEWS -- Convergence watch                        [TOP/EAST]

 For an economic indicator diary for the euro zone, the United
 States and other Group of Seven countries see         G7TODAY

 For real-time stock market index quotes click in brackets:
 Warsaw WIG20 .WIG20  Budapest BUX   Prague PX .PX
 News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)


 

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