February 12, 2009 / 7:34 AM / 11 years ago

Czech Republic - Factors To Watch on Feb 12

 PRAGUE, Feb 12 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Thursday:
 ALL TIMES GMT (Czech Republic: GMT + 1 hour)  ======================== ECONOMIC DATA ========================
 December current account balance data at 0900 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 - Czech central bank governing board to hold a regular weekly meeting. It is not scheduled to discuss monetary policy issues.
 Related news: [RTRS-LEN-CZ-CEN]
 EU SETS SUMMITS: The European Union announced plans on Wednesday to hold no fewer than three economic summits to iron out national differences that threaten to hamper its efforts at tackling the recession.
 Story: [ID:nLB333916] Related news: [RTRS-LEN-CZ-EU]
 ZENTIVA HOLDER WILLING TO SELL: Private shareholder Belviport Trading Ltd will likely sell its 10.06 percent stake in Czech drugmaker Zentiva to Sanofi-Aventis under the French firm's takeover bid, a source close to Belviport said on Wednesday.
 Story: [ID:nLB593536] Related news: [RTRS-LEN-CZ-MRG]
 INDUSTRY DROPS: Industrial output in the Czech Republic plunged for a third straight month in December and the statistics office said it indicated the economy may have already contracted in the last three months of 2008.
 Story: [ID:nLB729502] Related news: [RTRS-LEN-CZ-MCE]
 CEE FX STAY WEAK: Emerging European assets slipped on Wednesday after a U.S. bank rescue plan disappointed investors, increasing the aversion of risk, while Polish FX options and Czech output data added to downward pressures.
 Story: [ID:nLB170710] Related news: [RTRS-LEN-CZ-FRX]
   ---------------------- MARKET SNAPSHOT ------------------------  Index/Crown Currency  Latest    Prev    Pct change   Pct change
                              close   on day       in 2009  Czech Equities  .PX   740.4    740.4   +0.00          n/a   vs Euro     EURCZK=  28.530   28.530   +0.00         -6.10  vs Dollar      CZK=  22.067   22.097   +0.26        -13.29  U.S. Equities  .DJI   7,940    7,889   +0.64         -9.54  Pvs close or current levels vs prior domestic close at 1600 GMT =========================PRESS DIGEST==========================
 WEAK CROWN AFFECTING GAS PRICE: Dominant gas supplier RWE Transgas (RWEG.DE) does not see much room to lower gas prices in the second quarter due to the weakening crown currency, its CEO said.
 Hospodarske Noviny, page 16
 PPF WANTS ECM: Financial group PPF wants to buy the majority shareholding of ECM Real Estate Investments ECMPsp.PR owned by the group's founder.
 Hospodarske Noviny, page 19
 CORPORATE LOAN GUARANTEE: The state has prepared a 3.75 billion crown ($169.8 million) program that would guarantee corporate loans up to 25 billion crowns.
 Mlada Fronta Dnes, page B1
 ELECTRICITY PRICE COULD FALL: The baseload price of electricity could drop 9.3 percent to 45 euro per megawatt hour, a CEZ CEZPsp.PR trader said.
 Mlada Fronta Dnes, page B4
 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 Jason Hovet)   

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