PRAGUE, Oct 14 (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 ========================
September producer prices (PPI) and August foreign trade
prices data at 0700 GMT. PPI expected flat month on month, 5.6
pct up year on year.
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on Czech currency.............................[]
==========================EVENTS=============================
PRAGUE - Forum 2000 conference "Openness and Fundamentalism
in the 21st Century: Between Traditions and Modernity".
Related news: []
PRAGUE - The Czech cabinet meets in an extraordinary
session, to discuss amendment to the law on banks, which
includes raising deposit insurance to 50,000 euros ($68,090).
Related news: []
========================= TOP NEWS ============================
CZECH PM: BANKS HEALTHY: The Czech financial sector is
healthy and the government and the central bank have sufficient
tools to maintain its stability, Czech Prime Minister Mirek
Topolanek said.
Story: [] Related news: []
CZECHS SCRAP 3-YR BOND AUCTION: The Czech Finance Ministry
cancelled a planned bond auction on Monday, the second time in a
month it shied away from the market strangled by poor liquidity
among the global financial crisis.
Story: [] Related news: []
CZECH AUG C/A GAP IN LINE WITH FCAST: The Czech current
account posted a deficit of 12.17 billion crowns ($676.1
million) in August, in line with the market forecast of a 12.0
billion crown gap, data showed.
Story: [] Related news: []
CROWN SEEN SLIDING: The Czech crown is expected to weaken
1.7 percent in the next three months as investors shun riskier
emerging markets, the Czech economy slows and the central bank
cuts rates, a Reuters poll showed.
Story: [] Related news: []
=========================OTHER NEWS ============================
ERSTE UPGRADES PHILIP MORRIS CR: Erste Bank upgraded its
recommendation for Philip Morris CR <> to 'buy' from
'hold' and raised its price target to 8,900 crowns from 8,800
crowns, citing a recent drop in the company's share price.
Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities <> 0,981.5 0,888.5 +10.47 -45.93
vs Euro <EURCZK=> 24.720 24.647 -0.30 +7.20
vs Dollar <CZK=> 18.072 17.952 -0.70 +0.51
U.S. Equities <> 09,388 08,451 +11.08 -29.23
Pvs close or current levels vs prior domestic close at 1500
======================= PRESS DIGEST===========================
CESKA SPORITELNA: Erste Bank's <> <ERST.VI> Czech
unit has no plans to change its strategy in a reaction to the
global market turmoil, CEO Gernot Mittendorfer said. Rates on
interbank market have grown "negligibly" compared to western
markets, he said.
E 15, page 16
AAA AUTO TO ENTER RUSSIA: Used car dealer AAA Auto Group
<> will enter the Russian market in spring, according
to Russian paper Kommersant. But the company said it has not
decided about a specific time yet.
Hospodarske Noviny, page 17
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;
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E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
