Czech Republic - Factors To Watch on Sept 7

                                
 PRAGUE, Sept 7 (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=========================
                                
 August foreign exchange reserves data at 0800 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 CEE currencies............................[CEE/]
                                
 
===========================TOP NEWS============================
                                
 EURO BOND DRAWS STRONG DEMAND: The Czech Republic sold 2
billion euros of an April 2021 Eurobond on Monday, twice
lowering yield guidance thanks to strong demand, and covering
the rest of its outstanding 2010 borrowing needs, the Finance
Ministry said.
                                
 Story: [ID:nLDE6850I7]  Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 RETAIL SALES SHRINK: Czech manufacturing output lagged
forecasts in July, showing a slowdown in growth, while retail
sales dropped and the trade surplus shrank.
                                
 Story: [ID:nLDE685051]  Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 TELEFONICA INVESTIGATED: The Czech antimonopoly office is
investigating telecom group Telefonica O2 Czech Republic over
its high speed internet connections, Czech news wire CTK
reported.
                                
 Story: [ID:nLDE6851JV]  Related news: [RTRS-LEN-CZ-REGS]
                                
 
                                
 CEE MARKETS: An unstable political situation has increased
pressure on Romanian yields, crippling a debt tender on Monday,
while the Czech crown was hit by weak retail and output figures.
                                
 Story: [ID:nLDE6850I1]  Related news: [RTRS-LEN-CZ-FRX]
                                

                                
 CZ POWER FUTURES DOWN: The Czech Cal '11 contract declined
nearly 2 percent on Monday, pressured by lower gas and a German
decision to extend the life of nuclear plants, traders said.
                                
Story: [ID:nLDE6851CV]  Related news: [RTRS-LEN-CZ-DRV]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2010
 vs Euro    <EURCZK=>     24,688     24,693    0,02       6,19
 vs Dollar     <CZK=>     19,3     19,177    -0,64      -5,02
 Czech Equities <.PX>  1,154,7    1,162       -0,63       3,35
 U.S. Equities <.DJI> 10,447,93  10,320,1     1,24      0,19
 Pvs close or current levels vs prior domestic close at 1500 GMT
=========================PRESS DIGEST==========================
                                
 SOLAR POWER: Finance Minister Miroslav Kalousek will propose
to cancel the five year tax holiday for new investments into
renewable energy as part of his new income-tax law.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 TEMELIN: Foreign Minister Karel Schwarzenberg said he wanted
France's Areva <CEPFi.PA> to win the tender to complete CEZ's
<CEZPsp.PR> nuclear plant Temelin. He said the French had the
most advanced technology.
                                
 E15, page 1
                                
 
                                
 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>

                                
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