PRAGUE, Aug 11 (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=========================
June current account balance data at 0800 GMT.
Harvest estimate at 0700 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 Czech cabinet to hold a session (0700 GMT)
(www.vlada.cz/en/default.htm). Agenda includes 2011 state budget
revenue and spending proposal. News conference to follow.
Related news: []
=========================TOP NEWS===============================
S&P REVISED CZECH OUTLOOK TO POSITIVE: Standard & Poor's on
Tuesday revised its outlook on the Czech Republic's foreign
currency rating to positive from stable, saying there is more
than a one-in-three chance of an upgrade over the next two
years.
Story: [] Related news: []
GOVT WINS CONFIDENCE VOTE: The new centre-right Czech
government won a confidence vote in the lower house on Tuesday,
clearing an early hurdle as expected as it seeks to push tough
budget cuts and reforms through parliament.
Story: [] Related news: []
Factbox: []
CEE ASSETS DROP: Central European currencies and stocks fell
on Tuesday in thin trade amid uncertainty about how appetite for
riskier assets would be affected by the outcome of a U.S.
Federal Reserve meeting.
Story: [] Related news: []
CEZ UPS PRODUCTION TARGET, STICKS TO GUIDANCE: Czech power
group CEZ <> raised its production outlook on Tuesday
and kept its guidance in place due to a pickup in demand after
lower prices on pre-sold electricity cut into second-quarter net
profit
Story: [] Related news: []
CEZ QUITS ENERGA TENDER: The board of Czech power group CEZ
<> agreed not to bid in a tender for Polish utility
Energa, CEZ Chief Executive Martin Roman said on Tuesday.
Story: [] Related news: []
CZECH POWER PRICES STABLE: Czech power prices were stable on
Tuesday as wind generation and availability remained low in the
region and as summer holidays crimped demand.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1192,3 1192,3 -0,6 6,71
vs Euro <EURCZK=> 24,674 24,698 0,1 6,25
vs Dollar <CZK=> 18,845 18,864 0,1 -2,55
U.S. Equities <> 10644,25 10698,75 -0,51 2,07
Pvs close or current levels vs prior domestic close at 1500 GMT
=========================PRESS DIGEST==========================
UNEMPOYMENT COSTS SOAR: The government has paid 4.2 billion
crowns ($222.9 million) on unemployment benefits in the first
quarter of the year, a 37 percent rise year on year.
Hospodarske Noviny, page 16
BEER OUTPUT DOWN: Beer production fell 10 percent year on
year on the first half due to an excise tax hike in January,
according to the Czech union of breweries and malt houses
executive director.
Hospodarske Noviny, page 19
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;
fax: +420 224 229 935
E-mail: prague.newsroom@reuters.com
