PRAGUE, Nov 12 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday.
ALL TIMES GMT (Czech Republic: GMT + 1 hour)
=========================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 - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
Related news: []
PRAGUE - Power firm CEZ <> to release third quarter
results. News conference with CEO Martin Roman and CFO Martin
Novak at 0830 GMT.
Related news: []
==========================TOP NEWS============================
CEZ EARNINGS POLL: Czech power company CEZ <> is
expected to report a 2.2 percent rise in third-quarter net
profit, with higher wholesale prices compensating for lower
electricity demand, a Reuters poll showed on Monday.
Story [] Related news: []
CZECH TELEFONICA RESULTS: Net profit at Telefonica O2 Czech
Republic <> dipped 1.2 percent in the first nine months
on falling revenue from mobile phone services, although cost
cutting helped it beat expectations.
Story [] Related news: []
10-YR BOND AUCTION: The Czech Finance Ministry sold more
10-year bonds than planned on Wednesday, with demand lower than
previous auctions but still supported by tighter supply at the
end of the year.
Story [] Related news: []
INTEREST RATE ANNOUNCEMENTS: The Czech central bank will
switch to a fixed time of 1 p.m. local time to announce monetary
policy decisions starting in 2010, a spokesman said on
Wednesday.
Story [] Related news: []
CEE MARKETS: The Czech crown touched a six-week high on
Wednesday, erasing losses caused by expectations of an interest
rate cut that did not come last week, but gained less than other
central European peers.
Story [] Related news: []
C/A: The Czech current account showed a 3.69 billion crown
($217.3 million) deficit in September, smaller than the 5.5
billion gap forecast by analysts, data showed on Wednesday.
Story [] Related news: []
CEZ BOND: Czech power firm CEZ <> has set the terms
of a 110 million euro, 1.5-year bond, the company said in a
filing at the Warsaw bourse on Wednesday.
Story [] Related news: []
INDUSTRIAL OUTPUT: Czech industrial output fell
by 11.9 percent year-on-year in September, exactly in line with
a flash estimate released on Oct. 30, data showed on Wednesday.
Story [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2009
Czech Equities <> 1157,6 1157,6 0,06 34,89
vs Euro <EURCZK=> 25,415 25,463 0,19 5
vs Dollar <CZK=> 16,967 17,004 0,22 11,23
U.S. Equities <> 10291,26 10246,97 0,43 17,26
Pvs close or current levels vs prior domestic close at 1600
==========================PRESS DIGEST========================
BUDGET: Finance Minister Eduard Janota said it was excusable
for the state budget to show high deficits next year and in 2011
but not beyond that. Reforms must take place to raise revenues
and cut expenditures or the country will face problems, Janota
said.
Hospodarske Noviny, page 5
CEZ: Czech power group CEZ <> wants to focus more
on heating production. CEZ plans to invest a total of 20 billion
crowns ($1.18 billion) in the sector in the Czech Republic. It
will pay 9.2 billion crowns for both a minority stake in Dalkia,
the biggest Czech heat producer, and an 85 percent stake in its
unit in the north of the country. It will pay another 15 billion
for nearly a 49 percent stake in thermal station Prazska
Teplarenska. The deal had been announced in July but details
were not disclosed.
Hospodarske Noviny, page 1
TUMA: Governor Zdenek Tuma said it was unlikely that growth
could return to a 5 percent rate at around which the country's
economy expanded in the past years.
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:
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News editor of the day: Jan Lopatka on +420 224 190 474;
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E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
