Czech Republic - Factors To Watch on Aug 10

                                
 PRAGUE, Aug 10 (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=========================
                                
 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/]
                                
 
=========================EVENTS=================================
                                
 PRAGUE - Power firm CEZ <CEZPsp.PR> to release first half
results. News conference with CEO Martin Roman, CFO Martin Novak
and Head of Sales and Trading Alan Svoboda at 0800 GMT.
                                
 Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 PRAGUE - The lower house of parliament to hold a session.
Confidence vote of the new centre-right government on agenda
(1200 GMT).
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
=========================TOP NEWS===============================
                                
 CEZ EARNINGS POLL: Czech power firm CEZ <CEZPsp.PR> should
post an 11.4 percent annual drop in second-quarter net profit
due to lower electricity prices, which outweighed a recovery in
domestic power consumption, a Reuters poll showed on Monday.
                                
 Story: [ID:nLDE67519Z]  Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 FX STRONGER: Rising stock markets lifted central European
currencies on Monday while better overall sentiment boosted
demand at treasury bills auctions in Romania and Poland.
                                
 Story: [ID:nLDE67808T]  Related news: [RTRS-LEN-CZ-MMT]
                                
 
                                
 REUTERS GDP POLL: A continuing improvement in west European
demand propped up the small and open economy's industrial output
and trade relative to the first quarter, likely leading to a
second annual growth after four drops.
                                
 Story: [ID:nLDE6780OB]  Related news: [RTRS-LEN-CZ-MCE]
  * For Table double clikc [ID:nLDE6780VP]
                                
 
                                
 FLOOD DAMAGE: The Czech government wants to cut an income
tax discount starting next year to raise up to 5 billion crowns
($267.8 million) annually to pay for flood damage and
prevention, it said on Monday. 
                                
 Story: [ID:nLDE67810N] Related news: [RTRS-LEN-CZ-WEA]
                                
 
                                
 C.BANK ON CPI: The Czech central bank said on Monday July
consumer inflation data was below its forecast due to a lower
than expected growth in regulated prices.
                                
 Story: [ID:nPRG004301] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 CEZ STOPS CARBON TRADING OVER FRAUD SUSPICION: Czech CEZ
<CEZPsp.PR>, central Europe's biggest utility, has stopped
trading carbon emissions with a number of smaller companies over
fears of potential tax fraud, CEZ said on Monday.
                                
 Story: [ID:nLDE6780JX] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 JULY UNEMPLOYMENT, CPI: Czech consumer prices rose 0.3
percent in July compared with June, in line with market
expectations and bringing annual inflation near the central bank
target, Czech statistics office data showed on Monday.
                                
 Story: [ID:nLDE67807Z] Related news: [RTRS-LEN-CZ-MCE]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2010
 Czech Equities <.PX>  1199,5    1199,5     0,03       7,36
vs Euro   <EURCZK=>    24,744    24,742    -0,01       5,98
vs Dollar    <CZK=>    18,804    18,677    -0,68      -2,32
 U.S. Equities <.DJI>  10698,75  10653,56   0,42       2,6
 Pvs close or current levels vs prior domestic close at 1500 GMT

=========================PRESS DIGEST==========================
                                
 FARMERS SUFFER FLOOD DAMAGE: The agrarian chamber estimated
the damage caused by the weekend floods to this year's crop at
up to 4.5 billion crowns ($241 million).
                                
 E15, page 6
                                
 
                                
 FINMIN ON EU TAX: Finance Minister Miroslav Kalousek said he
was against introducing EU-wide tax that may fall on bank
transactions or air travel. He said it was an irreversible step
towards federalisation.
                                
 Hospodarske Noviny, page 9
                                
 
                                
 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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 E-mail: prague.newsroom@reuters.com