PRAGUE, June 7 (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=========================
April foreign trade data at 0700 GMT.
April retail sales data at 0700 GMT.
April industrial and construction data at 0700 GMT.
Q1 real wage data at 0700 GMT.
May foreign exchange reserves data at 0800 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). News conference due at 1200 GMT.
Related news: []
==========================TOP NEWS============================
ANALYSIS-CONCERN IN E.EUROPE: Warnings by Hungary's new
government about the risk of a debt crisis have caused investors
to reassess the safe-haven status of Eastern Europe, and may
fuel more volatility in markets as the region struggles through
economic recovery.
Story: [] Related news: []
ANALYSIS-INVESTOR FEAR IN EMERGING EUROPE: Dire warnings by
Hungary's new government have reignited market concern about the
fiscal health of countries in eastern Europe, but many analysts
believe the region's sound economic fundamentals will prevent a
Greek-style debt crisis.
Story: [] Related news: []
RIGHT-CENTRE TAPPED: Czech President Vaclav Klaus asked
right-wing Civic Democrat leader Petr Necas on Friday to lead
talks on forming the next government, after centre-right parties
won a decisive majority in an election last weekend.
Story: [] Related news: []
* For a Take a Look on the Czech Parliamentary Elections,
click on: []
FITCHS RAISES OUTLOOK: Fitch Ratings on Friday revised the
Czech Republic's sovereign rating outlook to positive from
stable, while affirming its current ratings.
Story: [] Related news: []
CEE MARKETS: Government warnings that Hungary's finances
were worse than thought and could lead to a Greek-style crisis
sent central Europe's banking stocks sharply lower on Friday,
while pushing the forint to a one-year low.
Story: [] Related News []
==========================PRESS DIGEST==========================
C.BANKER TOMSIK SAYS: Central banker Vladimir Tomsik said a
delay in the rise of interest rates abroad could have an
indirect influence on Czech rates, but there are many other
factors influencing the bank's decisions.
He added he did not see the possibility of budget cuts in
the Czech Republic leading to another round of recession.
Hospodarske Noviny, page 24
BUDGET CUTS: Outgoing Finance Minister Eduard Janota said
the he would need to cut another 10 billion crowns from the
state budget to keep the deficit at a planned 5.3 percent of
GDP. He also said the next government would need to raise the
VAT around 2 percentage points to raise up to 14 billion crowns.
E15, page 3
SKODA IN CHINA: Skoda Auto, a unit of Volkswagen <VOWG.DE>,
wants to sell 200,000 new cars in China, making it its biggest
market, the outgoing chairman Reinhard Jung said.
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;
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E-mail: prague.newsroom@reuters.com
