Wednesday July 1, 08:04 AM
Czech Republic - Factors To Watch on July 1
PRAGUE, July 1 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday:
ALL TIMES GMT (Czech Republic: GMT + 2 hours)
=========================ECONOMIC DATA=========================
Purchasing Managers' Index (PMI) for June due out at 0730
GMT.
End-June budget balance data.
Real (Frankfurt: BJU.F - news) -time economic data releases....................
Previous stories on Czech data.............
Overview of economic data and forecasts..........
Updates on CEE currencies.............................
=========================EVENTS=================================
PRAGUE - Prime Minister Jan Fischer to meet Czech central
bank Governor Zdenek Tuma to discuss current economic issues.
News briefing at 1200 GMT.
Related news:
=======================MORNING NEWS=============================
ENERGY ASSETS DEAL: International Power PLC will
sell its Czech business to Czech-Slovak private equity group
J&T. The British group said the value of the transaction was
738.3 million pounds ($1.23 billion), including 157.5 million
pounds in debt.
Story: Related news:
=========================TOP NEWS===============================
CEE FX UP: Central Europe's currencies rallied on Tuesday,
despite mixed economic data from the region, as improving
economic sentiment on core markets boosted appetite for riskier
emerging market assets.
Story: Related news:
OUTPUT PLUNGES: Czech industrial output continued to plunge
in May and new orders fell sharply, casting fresh doubt on hopes
the country's key sector could turn around soon.
Story: Related news:
CRISIS IN CEE: A break in the economic turmoil in emerging
Europe has let the International Monetary Fund wield more stick
on its demands for belt-tightening and shift away from the more
merciful line it took at the start of the crisis.
Story: Related news:
PKN ORLEN: Czech chemicals group Agrofert won over 77
million euros in damages from Polish oil firm PKN Orlen over a failed deal, Agrofert owner Andrej Babis said
on Tuesday.
Story: Related news:
===========================OTHER NEWS==========================
CZECH TELEFONICA: Telefonica O2 Czech Republic (Berlin: TEE.BE - news)
board of directors agreed to raise base capital of its Slovak
subsidiary to 200 million euros from 49.79 million.
Related news:
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities 0,000.0 0,898.2 +0.00 n/a
vs Euro 25.930 26.440 +1.97 +2.20
vs Dollar 18.480 18.319 -0.49 -1.30
U.S. Equities 08,447 08,529 -0.97 -36.32
Pvs close or current levels vs prior domestic close at 1500
=========================PRESS DIGEST===========================
FLOOD DAMAGE: Damage from flooding which is estimated worth
at 5.6 billion Czech crowns ($305.3 million) will be covered
from loans, reserves and possibly a bond issue, Finance Minister
Eduard Janota said.
Pravo, page 2
PKN ORLEN: Poland's PKN Orlen chief executive
Jacek Krawiec denied the company ever had a plan to swap the
Benzina petrol station chain for oil drilling assets. He said
the company wants to expand the petrol station chain in the
Czech Republic.
Hospodarske Noviny, page 16
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on
For summary of economic data and forecasts
For diary of forthcoming Czech events
For calendar of east European economic indicators
TOP NEWS -- Emerging markets
TOP NEWS -- Convergence watch
For an economic indicator diary for the euro zone, the United
States and other Group of Seven countries see
For real-time stock market index quotes click in brackets:
Warsaw WIG20 Budapest BUX Prague PX
News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
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