PRAGUE, June 18 (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 + 2 hours)
======================== ECONOMIC DATA ========================
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies.............................[]
=========================TOP NEWS===============================
ATHLETICS: Olympic champion Usain Bolt clocked this year's
fastest time on the 100 metre track in the Czech city of Ostrava
on Wednesday, but strong tail wind will keep the result off the
charts.
Story: [] Related news: []
FORINT DROPS: The Hungarian forint slid on Wednesday, hit by
a stronger U.S. dollar, while other central European peers held
in ranges seen in previous sessions as markets calmed after
sharp swings this month.
Story: [] Related news: []
TAX PLAN: The main Czech leftist party will hike taxes for
top earners and companies and gradually trim the budget deficit
after the recession ebbs, it said in an economic programme ahead
of an October election presented on Wednesday.
Story: [] Related news: []
CENTRAL BANK: Czech central bank vice-governors Mojmir Hampl
and Miroslav Singer will miss the bank's June 25 monetary policy
meeting, the bank said.
Story: [] Related news: []
BOND AUCTION: Investors bid heavily for the Czech Republic's
3-year floating rate bond at a Wednesday auction, with domestic
accounts going after the shorter-dated bonds seen as less risky
in the face of growing budget deficits.
Story: [] Related news: []
CURRENT ACCOUNT: Current account balances in central and
eastern Europe improved, data showed on Wednesday, but
economists said that the downside was the data reflected an
overall decline in economic activity.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities <> 0,000.0 0,922.2 +0.00 n/a
vs Euro <EURCZK=> 26.655 26.440 -0.81 -0.58
vs Dollar <CZK=> 19.088 18.319 -4.00 -4.78
U.S. Equities <> 08,497 08,505 -0.09 -35.94
Pvs close or current levels vs prior domestic close at 1500
=========================PRESS DIGEST===========================
EURO: Euro adoption in the Czech Republic will be delayed by
at least 3 years due to high fiscal deficits, Czech central bank
board member Vladimir Holman said.
Hospodarske Noviny, page 20
MORTGAGES: The volume of mortgages dropped by 36 percent
year on year in May to 6.8 million crowns, a research by
Fincentrum Hypoindex among nine key mortgages provider showed.
CZECH TELEFONICA: Telefonica O2 Czech Republic <>
was affected by the economic crises more severely than earlier
expected, Chief Executive Salvador Anglada said. It saw a 1.6
percent drop in first quarter sales and expects a similar
development in the second half of the year. Anglada said he
hoped for a turnaround in 2010.
Hospodarske Noviny, page 14
CEZ: The lower house of the parliament approved a rider
which some say will help power group CEZ <> get CO2
emission allowances worth 68 billion crowns ($3.53 billion) for
free in years 2013-2020.
Pravo, page 2
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 <CZ/ECON01>
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 <G7TODAY>
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
E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
