PRAGUE, June 2 (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=========================
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[]
==========================EVENTS==============================
PRAGUE - Three centre-right parties (ODS, TOP09 and Public
Affairs) to meet for the frist round of trilateral talks on
forming a government (0800 GMT).
Related news: []
==========================TOP NEWS============================
THIRD PARTY: A maverick new Czech party that is key to
forming a centre-right cabinet said on Tuesday it saw conflicts
ahead with its likely coalition partners but had a strong will
to pull together a government deal.
Story: [] Related News []
ELECTION RISKS: Centre-right parties scored a surprising
victory in last weekend's Czech election, opening the
possibility of bold reforms aimed at narrowing the budget
deficit and fixing creaking healthcare and pension systems.
Story: [] Related News []
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For a Take a Look on the Czech Parliamentary Elections,
click on: []
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CEE MARKETS: The Czech crown held on to half of its
post-election gains on Tuesday as central European assets were
hit by signs economic recovery may slow, while Hungarian bonds
fell after the rate easing cycle stopped.
Story: [] Related News []
CEE POWER: Czech power fell on Tuesday with the day ahead
contract weakening as temperatures climbed closer to seasonal
averages and prices along the curve followed other fuels lower,
traders said.
Story: [] Related News []
CEZ IN POLAND: Eight bidders, including central and eastern
Europe's top utilities PGE <PGEP.WA> of Poland and CEZ
<> of the Czech Republic, made preliminary offers to
buy Poland's utility Energa, valued at some $1.5 billion.
Story: [] Related News []
BUDGET GAP NEARLY 60 PCT OF TARGET: The Czech central state
budget gap jumped to 95.4 billion crowns ($4.52 billion) at the
end of May, the Finance Ministry said on Tuesday.
Story: [] Related News []
CEE PMIs: Czech and Polish manufacturing held firm in
positive territory in May but Hungarian producers saw a drop,
data showed on Tuesday, and analysts said a nascent recovery may
slow in the coming months.
Story: [] Related News []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> -- 1154.2 -1.92 3.3
vs Euro <EURCZK=> 25.661 25.655 -0.02 2.5
vs Dollar <CZK=> 21.027 20.879 -0.71 -14.42
U.S. Equities <> 10024.02 10136.63 -1.11 -3.87
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST==========================
HOUSE SPEAKER: The Social Democrats, who won the most votes
in general elections but look unlikely to form a majority
coalition, may get the position of speaker of the lower house,
TOP09's leader said.
Mlada Fronta Dnes, page A1
LOCAL BUY: J&T group is buying Atlantik FT and Atlantik
Asset Management for an undisclosed price.
E15, page 6
STEEL WOES: ArcelorMittal Ostrava showed a pre-tax net loss
of 1.46 billion crowns ($69.13 million) last year on 38 percent
lower revenue.
Hospodarske Noviny, page 19
UNUSED VACCINATIONS: The state will dispose of around
600,000 of type A (H1N1) swine flu vaccinations worth 110
million crowns ($5.21 million) due to the falling threat of
pandemic.
Pravo, 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
[]
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
