PRAGUE, Sept 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 August due out at 0730
GMT.
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 - The Czech cabinet to hold a session (0700 GMT)
(www.vlada.cz/en/default.htm). News conference due at 1130 GMT.
Related news: []
PRAGUE - Detailed calendar for the issuance of domestic
state bonds in the fourth quarter.
Related news: []
PRAGUE - 5-year government bond auction <CZ1002737=>.
Related news: []
KRIVOKLAT - ECB Governing Council member and Luxembourg
central bank Governor Yves Mersch to give opening address at
celebratory issuance of a Czech memorial coin, along with Czech
central bank Govenor Miroslav Singer and Czech central bank
board member Pavel Rezabek (0900 GMT).
Related news: []
PRAGUE - End-August budget balance data at 1200 GMT.
Related news: []
===========================TOP NEWS============================
RATE RISE NOT YET: The Czech government's planned budget
cuts and a faster German recovery are likely to keep inflation
down, mitigating the need for any quick rise in interest rates,
central bank Vice-Governor Vladimir Tomsik said on Tuesday.
Story: [] Related news: []
CEE MARKETS: Hungary's forint led currency losses in eastern
Europe on Tuesday, hitting new lows against a soaring Swiss
franc that triggered concerns over Hungary's exposure to
franc-denominated debt.
Story: [] Related news: []
ORCO H1: Net asset value per share at Czech developer Orco
Property Group <> <ORCO.PA> soared to 25.3 euros per
share at the end of June from 8.2 euros at the end of December
after a revaluation of bonds under the firm's restructuring
process, it said on Tuesday.
Story: [] Related news: []
PHILIP MORRIS H1: Cigarette maker Philip Morris Czech
Republic <> said first half unconsolidated net profit
rose 23 percent to 1.17 billion crowns ($59.54 million), after
it hiked prices last year and boosted exports.
Story: [] Related news: []
PROTEST: Czech health workers, civilian army staff, road
workers and state administration employees plan to join police
and firefighters in a demonstration next month to protest
against government plans to slash spending.
Story: [] Related news: []
POWER BILLS: Czech electricity bills could soar 22 percent
in 2011 for residential consumers and 27 percent for large
business users mainly due to generous renewable energy
subsidies, according to an internal CEZ <> analysis.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
vs Euro <EURCZK=> 24.734 24.772 0.15 6.02
vs Dollar <CZK=> 19.458 19.476 0.09 -5.88
Czech Equities <> 1,141.1 1,141.1 -1.18 2.13
U.S. Equities <> 10,014.72 10,009.73 0.05 -3.96
Pvs close or current levels vs prior domestic close at 1500 GMT
=========================PRESS DIGEST==========================
BUDGET DRAFT: Finance Minister submitted the draft 2011
budget as planned wiht a 135 billion crown ($6.87 billion)
deficit, counting on 1,179.8 billion crowns in spending and
revenue of 1,044.8 billion.
Hospodarske Noviny, 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 <>
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E-mail: prague.newsroom@reuters.com
