Czech Republic - Factors To Watch on Aug 7

                                
 PRAGUE, Aug 7 (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 + 2 hours)

=========================ECONOMIC DATA=========================
                                
 July foreign exchange reserves data at 0800 GMT.
                                
 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/]
 
==========================MORNING NEWS=======================
                                
  FX RATE NOT A PROBLEM FOR ECON: A Czech crown exchange rate
of between 25 and 26 to the euro will not be a big problem for
the domestic economy, central bank Governor Zdenek Tuma said on
Friday.
                                
 Story [ID:nPRG003554] Related news [RTRS-LEN-CZ-FRX]

==========================TOP NEWS============================
                                
 RATE CUT: The Czech central bank voted unanimously to cut
interest rates to a new record low on Thursday, as a slower
inflation outlook outweighed signs the economy was beginning to
rebound from a steep fall.
                                
 Story [ID:nL6221606] Related news [RTRS-LEN-CZ-INT]
                                
 
                                
 CEE FX MIXED: The Czech crown shook off a quarter point rate
reduction on Thursday, with the cut in the premium for investing
in the currency offset by positioning ahead of the decision and
hopes it would help boost growth.
                                
 Story [ID:nL627507] Related news [RTRS-LEN-CZ-FRX]
                                
 
                                
 TRADE IN BIG SURPLUS: Czech foreign trade <CZFTB=ECI> showed
its second biggest ever surplus in June as imports extended a
string of declines and exports inched up, signalling weak
domestic spending but possible recovery in foreign demand. 
                                
 Story [ID:nL661200] Related news [RTRS-LEN-CZ-ECI]
                                
 
                                
 CEE DATA RAY OF HOPE: Hungary's poor output data showed
improvement in June while Czech exports edged up from May
hinting at a possible pickup in foreign demand, although it is
too early to say the region is firmly on the path to recovery. 
                                
 Story [ID:nL699067] Related news [RTRS-LEN-CZ-MCE]
                                
 
                                
 CEE FX POLL: Poland's zloty <EURPLN=>, driven by stronger
fundamentals than its regional peers, is expected to cling onto
recent strong gains versus the euro and add more by next summer,
a Reuters poll of analysts showed on Thursday. 
                                
 Story: [ID:nL5168081] Related news: [RTRS-LEN-CZ-FRX]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>    --      1144.0    --           --
 vs Euro   <EURCZK=>   25.907    25.935   0.12        -3.16
 vs Dollar    <CZK=>   18.037    18.039  -0.01        -5.63
 U.S. Equities <.DJI> 9256.26   9280.97  -0.27         5.47
 Pvs close or current levels vs prior domestic close at 1500

==========================PRESS DIGEST========================
                                
 BUDGET REVENUE: The central bank's new economic forecasts
could mean an extra 5 billion crowns ($277.2 million) for the
budget, Finance Minister Eduard Janota said. The central state
budget is expected to be over 200 billion crowns. 
                                
 E15, page 1
                                
 
                                
 CSOB PROFIT UP: KBC <KBC.BR> unit CSOB saw first half net
profit rise 7 percent to 5.9 billion crowns thanks to one-offs.
                                
 E15, page 4
                                
 
                                
 T-MOBILE REVENUE DOWN: First half revenue at Czech mobile
operator T-Mobile dropped around 2 percent to 15.9 billion
crowns.
                                
 E15, page 8
                                
 
 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>

                                
 News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
  (Compiled by Jason Hovet)