Czech Republic - Factors To Watch on Nov 3

Mon Nov 3, 2008 2:30am EST
 
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 PRAGUE, Nov 3 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday.
 ALL TIMES GMT (Czech Republic: GMT + 1 hours)
======================== ECONOMIC DATA ========================
 Purchasing Managers' Index (PMI) for October due out at 0830
GMT
 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 - End-October budget balance data.
 Related news: [RTRS-LEN-CZ-ECI]
 BRATISLAVA, Slovakia - Czech Prime Minister Mirek Topolanek
to give a speach at European Nuclear Forum (1330 GMT).
 Related news: [RTRS-LEN-CZ-NUC]
 PRAGUE - The Czech cabinet to hold a regular session. News
conference at 1200 GMT.
 Related news: [RTRS-LEN-CZ-POL]

 ========================= TOP NEWS ============================
 PM TO RESHUFFLE CABINET: Czech Prime Minister Mirek
Topolanek will soon reshuffle his cabinet after a crushing loss
in last month's local elections but will fight to stay head of
his party ahead of the Czechs' turn as EU president next year.
 Story: [ID:nL2287170] Related news: [RTRS-LEN-CZ-POL]
 FLOATING RATE BOND: The Czech Republic will tap the domestic
bond market twice more this year with a floating rate note,
trying to circumvent low demand for fixed-coupon bonds amid the
global financial crisis, the Finance Ministry said.
 Story: [ID:nLV741068] Related news: [RTRS-LEN-CZ-DBT]
 
 C.BANK SET TO CUT RATES: The Czech central bank is likely to
chop interest rates by a quarter of a percentage point as
inflation risks fade and growth slumps due to the weakening of
west European economies, a Reuters poll showed.
 Story: [ID:nLV636618] Related news: [RTRS-LEN-CZ-PLCY]
 
 CROWN HIGHER: The Czech crown rose on Friday, bucking a edge
downward in other emerging European currencies, but the region
generally appeared to pause and take a breath after weeks of
crisis-inspired roller-coaster trading.    
 Story: [ID:nLV450387] Related news: [RTRS-LEN-CZ-FRX]
 
 C.BANKER SEES SLOW GROWTH: Czech economic growth will slow
significantly and remain low for years, Czech central bank
Vice-Governor Miroslav Singer said.
 Story: [ID:nLV384836] Related news: [RTRS-LEN-CZ-PLCY]
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                              close   on day       in 2008
 Czech Equities  .PX 0,000.0  0,877.9   +0.00       -100.00
 vs Euro     EURCZK=  23.900   24.100   +0.84        +10.88
 vs Dollar      CZK=  18.608   18.804   +0.89         -2.51
 U.S. Equities  .DJI  09,325   09,181   +1.57        -29.70
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ===========================
 C.BANKER: CRISIS TO IMPACT BUSINESS: Uncertainty on the
money market and limited credit activity will impact all Czech
companies dependent on bank loans, Czech central bank
Vice-Governor Miroslav Singer said.
Hospodarske Noviny, page 19
 
 ORCO TO HALT PROJECTS: Orco Property Group (ORCO.PA)
(ORCOsp.PR) is considering halting some of its planned projects
due to difficulties with financing, Orco Vice-President Ales
Vobruba was quoted as saying. He said Orco had no plans to cut
prices in a reaction to the latest market turmoil and prefers to
postpone new project.
 Hospodarske Noviny, page 15
 
 LISBON TREATY: The Lisbon treaty will not come in to force
by the end of the year even if the parliament managed to ratify
the document, Vice-Prime Minister Alexandr Vondra was quoted as
saying. He said Czech officials have informed the French
President Nicolas Sarkozy that they cannot guarantee that
"everything will be ready by the year's end" regarding the
treaty's ratification.
 Hospodarske Noviny, page 4
 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 .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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