PRAGUE, Nov 5 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday.
ALL TIMES GMT (Czech Republic: GMT + 1 hours)
=========================ECONOMIC DATA=========================
Harvest estimate at 0800 GMT.
October foreign exchange reserves data at 0900 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 lower house of parliament to continue a session.
Related news: []
LONDON, U.K. - ECM Real Estate Investments <>
warrantholders meeting, for holder of warrants issued on the
July 31 and the August 10 of 2006. Presentation of the
restructuring plan on the schedule.
Related news: []
============================TOP NEWS==========================
CBANK ON HOLD: The Czech central bank kept interest rates at
record lows on Thursday as expected but surprised the market by
pushing back the expected start of rate hikes toward the end of
the next year.
Story: [] Related news: []
CEE MARKETS: The Czech crown hit a two-year high on Thursday
and Warsaw blue-chips reached a similar peak, as emerging Europe
gained after the U.S. Federal Reserve opened the way for more
money flows into global markets.
Story: [] Related news: []
NWR ON BOGDANKA BID: Czech coal miner NWR <NWRSsp.PR> said
it will not sweeten its $1.2 billion move for Polish rival
Bogdanka <LWBP.WA>, playing tough in the face of reluctance
among the bid target's shareholders to accept the offer.
Story: [] Related news: []
CEE AID: Poland and the Czech Republic said on Thursday cuts
to the European Union budget demanded by wealthier member states
should not come out of regional aid that benefits the new mainly
eastern European member states.
Story: [] Related news: []
CEE POWER: Czech power prices fell on Thursday as forecasts
for healthy wind generation and warmer temperatures dragged down
the spot price, traders said.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
vs Euro <EURCZK=> 24.503 24.479 -0.1 6.9
vs Dollar <CZK=> 17.218 17.172 -0.27 6.31
Czech Equities <> 1,173.6 1,173.6 0.45 5.04
U.S. Equities <> 11,434.84 11,215.13 1.96 9.65
Pvs close or current levels vs prior domestic close at 1500 GMT
=========================PRESS DIGEST==========================
ECON FORECAST: Finance Minister Miroslav Kalousek said, in
reaction to the central bank's lowered 2011 economic growth
forecast, that he would take active measures to kee the budget
deficit target should the economy develop less favourably.
He added if the economy grew more than expected, the
proceeds would go to lowering debt.
Hospodarske Noviny, page 17
SOLAR LOANS: Banks will likely have to restructure loans to
solar producers, which total in the tens of billions of crowns,
after the government put a new tax on solar power.
A Komercni Banka <> spokeswoman said the new tax
alters cash-flow projections and that the bank would look at
ways clients will adjust to this, including by putting up more
capital and changing the payment calendar.
E15, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
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