PRAGUE, June 14 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday.
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 - The Czech cabinet to hold a session (1200 GMT)
(www.vlada.cz/en/default.htm). News conference due at 1200 GMT.
Related news []
==========================TOP NEWS============================
ZAMRAZILOVA SEES STABLE RATES FOR NOW: Czech central banker
Eva Zamrazilova said on Friday she could imagine interest rates
staying stable for some time but may consider a hike if the
economic recovery proves sustainable.
Story: [] Related news []
CEE FX WEAKER: Central European assets fell into negative
territory on Friday, hit by weaker than expected U.S. retail
sales data, and dealers said the start of the World Cup
tournament was likely to cap trade this month.
Story: [] Related news []
POWER PRICES UP: Czech electricity contracts for the next
working day rose nearly 10 percent on Friday due to lower
temperature forecasts and planned power plant outages, traders
said.
Story: [] Related news []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1145,5 1145,5 1,13 2,52
vs Euro <EURCZK=> 25,703 25,722 0,07 2,34
vs Dollar <CZK=> 21,054 18,982 -10,92 -14,57
U.S. Equities <> 10211,07 10172,53 0,38 -2,08
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST==========================
NEXT GOVERNOR: An unnamed source told daily Pravo that
President Vaclav Klaus will appoint Vice Governor Miroslav
Singer as the next governor, after present governor Zdenek Tuma
quits at the end of June. The daily said the other "hot
candidate" had been Klaus' chancellor Jiri Weigl.
Pravo, Saturday, page 1
EU BUDGETS: Outgoing central bank Governor Zdenek Tuma said
he rejected the idea the EU countries' budgets should be
reviewed by the EU before they are approved in individual
parliaments. The EU should not pile up additional authorities if
it fails to properly use its present ones, namely it has failed
to enforce that countries meet the Stability Pact rules.
Lidove Noviny, Saturday, page 13
BAD DEBT: The volume of bad debt rose by almost 50 percent
year on year at the end of April to 40 billion crowns ($1.86
billion), according to the central bank data.
Hospodarske Noviny, page 18
BANKS: A drop in Komercni Bank <> shares shows
investors' concern over a possible partial loss coming from the
bank's 8 billion crown investment in Greek assets, a Cyrrus
analysts Marek Hatlapatka told the daily.
Hospodarske Noviny, page 17
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on
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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>
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
(Compiled by Jana Mlcochova)
E-mail: prague.newsroom@reuters.com
