PRAGUE, June 17 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Thursday.
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PRAGUE - Czech central bank governing board to hold a regular weekly meeting. It is not scheduled to discuss monetary policy issues. Bank to announce who will attend rate setting meeting on Wednesday.
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CZECHS, POLES COOLER TO EURO: Parties building a new Czech goverment agreed on Wednesday there was no point in aiming for euro adoption until the euro zone itself deals with its debt crisis and a survey showed Poles have also cooled on euro entry.
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CZECHS SELL MORE LONG BONDS THAN PLANNED: Investors flocked for a Czech bond due 2024 and its rising yield in an auction on Wednesday, allowing the Finance Ministry to sell more than planned as it aims to meet record borrowing needs this year.
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EVRAZ HOPEFUL TO RESOLVE PRICE WAR: Russian steel maker Evraz <HK1q.L> said on Wednesday it is hopeful it can resolve a pricing dispute over raw materials with ArcelorMittal [
] that has led it to consider halting some operations in the Czech Republic.Story: [
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TEMELIN DELAYS RESTART OF UNIT 2: Czech utility CEZ <
> will delay restarting the reactor at its 1,013 megawatt unit 2 at the Temelin nuclear power plant until June 21 due to a technical problem, it said on Wednesday.Story: [
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APRIL C/A MUCH BETTER THAN FCAST: The Czech current account showed a surprise 12.4 billion crown ($597.6 million) surplus in April, after showing a revised 9.27 billion crown deficit in March, the Czech central bank said on Wednesday.
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FINMIN HAS 2011 SAVINGS PLAN: Czech Finance Minister Eduard Janota plans a series of cuts and tax hikes to cut the budget gap worth a total of 68 billion crowns ($3.61 billion) to keep the 2011 budget deficit on target, a spokesman said on Wednesday, confirming a newspaper report.
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CEE MARKETS: Central European currencies were off intraday lows in late trade on Wednesday but eased from Tuesday as fresh concerns over Spain's debt pushed back the euro from two-week highs against the U.S. dollar.
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SPOT PRICES UP: Czech spot prices jumped on Wednesday following forecasts for reduced capacity and more moderate wind generation in the region while the Cal '11 contract followed gas, carbon and oil lower.
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] Related news [ ]---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010 Czech Equities <
> 1161.3 1161.3 0.29 3.94 vs Euro <EURCZK=> 25.704 25.709 0.02 2.33 vs Dollar <CZK=> 20.947 20.865 -0.39 -13.98 U.S. Equities < > 10409.46 10404.77 0.05 -0.18 Pvs close or current levels vs prior domestic close at 1500 GMT ==========================PRESS DIGEST==========================2011 BUDGET: Parties building a coalition government after a May election agree with the Finance Minister Eduard Janota's plan to raise VAT and make cuts in state administration operating costs to reduce the budget deficit. But they disagree with freezing pensions, higher tax for top earners, lower monthly tax deduction and other austerity measures he proposed. Janota said he was curious how parties will cut the 2011 deficit to 4.8 percent/GDP, as planned.
Hospodarske Noviny, page 2
TEMELIN ENLARGEMENT: Parties likely to form the next government agreed to keep works running to enlarge the Temelin nuclear plant and modernise the Dukovany nuclear power station.
MORTGAGE LENDING: Czech mortgage lending rose by 4.7 percent ar on year in May to 7.12 billion crowns ($343.1 million), the first rise so far this year. The average interest rate fell by 0.17 basis points to 5.12 percent, according to Hypoindex complied by Fincentrum.
Reuters has not verified the media reports, nor does it vouch for their accuracy.
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(Compiled by Jana Mlcochova)
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