PRAGUE, June 15 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday.
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May producer prices and April foreign trade prices data at 0700 GMT.
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PRAGUE - Finance Ministry to detail Q1 government debt figures.
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HAARLEMMERMEER, Netherlands - Used car dealer AAA Auto <
> to hold an annual shareholders' meeting.Related news [
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LUXEMBOURG - Artificial textile maker Pegas Nonwovens <
> to hold an annual shareholders' meeting.Related news [
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HAMILTON, Bermuda - Television group Central European Media Enterprises <CETV.O> <
> to hold an annual shareholders' meeting.Related news [
] ==========================TOP NEWS============================LEADERS PLEDGE NEW CABINET BY MID JULY: Czech party leaders agreed on Monday to reach a coalition deal by early July and form a government by mid-July to kick off preparations for the 2011 budget.
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STOCK, FX MARKETS UP: Central European assets continued to recover on Monday after a plunge early this month but a smaller than hoped-for sale of Romanianian 6-month Treasury bills indicated that debt concerns have not dissipated fully.
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POWER FUTURES UP: Czech power futures gained on Monday in light trading, driven higher by a potential tax on nuclear power in neighboring Germany and following oil higher, traders said.
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] Related news [ ] ---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct changeclose on day in 2010 Czech Equities <
> 1153,3 1153,3 0,68 3,22 vs Euro <EURCZK=> 25,598 25,567 -0,12 2,74 vs Dollar <CZK=> 21,003 20,846 -0,75 -14,29 U.S. Equities < > 10190,89 10211,07 -0,2 -2,27 Pvs close or current levels vs prior domestic close at 1500 GMT ==========================PRESS DIGEST==========================REAL ESTATE TO DECLINE IN VALUE: Property prices are should ldrop by 10-15 percent due to a rising unemployment and budget cuts, the Institute for Regional Information said. The price-to-rent ratio shows yields are too low and Czech properties are overvalued, according to the Czech central bank financial stability study.
Hospodarske Noviny, page 15
EXPORTS PLUNGE: The top fifty Czech exporters saw their exports drop by 16 percent year on year in 2009, to 640 billion crowns ($30.35 billion). Volkswagen's Skoda Auto <VOWG.DE> was the leader with exports totalling 166.5 billion crowns, followed by IT and electronics producer Foxconn CZ <2038.HK> whose exports equalled 82.9 billion.
Hospodarske Noviny, page 19
INTEREST RATES: Czech central bank board member Eva Zamrazilova said interest rates could rise at the end of this year if the economy recovers faster then assumed by the bank.
Hospodarske Noviny, page 23
EURO ENTRY: The number of people who wish the Czech Republic would adopt the euro fell to 54.2 percent from 63.8 percent in February, a poll by agency Median showed. The number of those who completely reject to adopt the euro increased to 32.7 percent from 22.4 percent. Only 9 percent of people want a fast adoption of the euro
Lidove Noviny, page 1
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> 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)
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