PRAGUE, May 5 (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 - Komercni Banka <> to release first quarter
results (0630 GMT). A news conference at 0700 GMT, conference
call at 1400 GMT. Net profit seen at CZK 2.87 bln, net interest
income at CZK 5.46 bln, and cost of risk at CZK 1.18 bln.
Related news: []
=========================MORNING NEWS=========================
CME REPORTS 5 PCT RISE IN Q1 REVENUE:
Story: [] Related news: []
==========================TOP NEWS============================
CROWN WEAKENS ON GREECE: The Czech crown dropped by 1.1
percent against the euro <EURCZK=> on Tuesday as investors left
central Europe in fears over the effectiveness of international
aid for struggling euro zone member Greece.
Story: [] Related news: []
NWR SEES H1 DIV POSSIBLE: Czech coal miner New World
Resources (NWR) will likely pay its first dividend after a
year-long pause on first half profits if positive market trends
are confirmed, its chief financial officer said.
Story: [] Related news: []
NABUCCO SUPPLY AGREEMENT DELAYED: Nabucco shareholder RWE
<RWEG.DE> said on Tuesday it has pushed back an expected signing
of a supply deal with Turkmenistan to the second half of the
year, the latest bump for the EU-backed pipeline project.
Story: [] Related news: []
CEE ASSETS DOWN ON GREEK CONCERN: Central European assets
fell on Tuesday as market doubts about the effectiveness of an
aid package for Greece and a closer focus on high debt levels in
other states on the euro zone periphery curbed appetite for
risk.
Story: [] Related news: []
CBANKERS QUOTES ON POLICY: Czech interest rates will likely
stay unchanged on Thursday as the Greek debt turmoil and an
unclear fiscal outlook after a May election will move policy
makers to a wait-and-see stance, a Reuters survey found.
Story:[] Related news: []
POWER PRICES MIXED: Czech power was mixed on Tuesday with
spot prices nudging up but electricity for future delivery off
slightly as carbon fell back from a 17-month high.
Story:[] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1256,1 1256,1 -2,07 12,42
vs Euro <EURCZK=> 25,89 25,353 -2,12 1,63
vs Dollar <CZK=> 19,974 18,982 -5,23 -8,69
U.S. Equities <> 10926,77 11151,83 -2,02 4,78
Pvs close or current levels vs prior domestic close at 1500
GMT
==========================PRESS DIGEST========================
CZECHS ON GREEK AID: Election leader for the main Czech
rightist party ODS Petr Necas said he would consider Czech
participation in helping Greece a huge problem as it would mean
the poor are helping the rich. The main leftist party CSSD's
economic expert Bohuslav Sobotka said the key responsibility was
upon the euro zone members and Czechs should only be a second
line of defence for Greece.
Lidove Noviny, page 15
CEZ EARNS ON CO2 EMISSIONS: Czech power utility CEZ
<> ranks among ten European companies with the highest
profits from trading CO2 emissions, the paper reports, citing a
study by a British NGO Carbon Fat Cats. Others included in the
list were India's ArcelorMittal <ISPA.AS> and Sweden's SSAB
Svenskt Stal <SSABa.ST>.
Hospodarske Noviny, page 22
CZECHS BUY TURKISH POWER PLANTS: Privately held Czech power
company Energo-Pro acquired five hydro power plants in Turkey
with an installed capacity of 95.2 megawatts for 307.5 million
euros.
Hospodarske Noviny, page 21
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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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>
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News editor of the day: Jan Lopatka on +420 224 190 474;
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(Compiled by Jana Mlcochova)
E-mail: prague.newsroom@reuters.com
