Czech Republic - Factors To Watch on Oct 14

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)