(Adds c.banker Holman press item)
PRAGUE, Feb 24 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday:
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 Czech currency.............................[]
=========================== EVENTS =============================
PRAGUE - Telecoms operator Telefonica O2 Czech Republic
<>, a unit of Spain's Telefonica <TEF.MC>, should
release 2008 results.
Related news: []
=====================MORNING NEWS===============================
NWR NET UP: Net attributable profit at mining group New
World Resources (NWR) <NWRSsp.PR> <NWRS.L> rose to 351.6 million
euros in 2008, the company said on Tuesday.
Story: [] Related news: []
============================NEWS================================
C.BANKS VERBALLY INTERVENE: Central European policymakers
took the unprecedented step of joint verbal intervention to
support their currencies on Monday, saying a sharp drop in
recent months did not reflect economic reality.
Story: [] Related news: []
CBANKERS MOVE TO LIFT FX: The Polish zloty, Czech crown and
Hungarian forint jumped on Monday, wiping out recent losses
after central bankers in the region said in a coordinated verbal
intervention that falls were overdone.
Story: [] Related news: []
TUMA SAYS CROWN FALL OVERDONE: The sharp drop in the Czech
crown and other central European currencies is overdone and
central banks from the region have agreed coordinated comments
on the issue, Czech central bank Governor Zdenek Tuma said on
Monday.
Story: [] Related news: []
CROWN JUMPS AFTER TUMA COMMENTS: The Czech crown jumped 1.1
percent to the euro on Monday after the central bank said its
weakening was not fully backed by fundamentals, extending
earlier gains.
Story: [] Related news: []
EU SEES ROUGH START IN ISRAEL: The Czech EU presidency
expects a "bit of a rough start" if Benjamin Netanyahu becomes
Israel's leader, Czech Deputy Prime Minister Alexandr Vondra
said on Monday, adding there was no time to lose for the peace
process.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2009
Czech Equities <> 648.2 648.2 +0.00 n/a
vs Euro <EURCZK=> 28.460 28.460 +0.00 -5.87
vs Dollar <CZK=> 21.997 21.995 +0.00 -13.12
U.S. Equities <> 7,366 7,466 -1.34 -16.07
Pvs close or current levels vs prior domestic close at 1600 GMT
=========================PRESS DIGEST==========================
CROWN WEAKENING MAY LEAD TO HIGHER RATES: A further
weakening of the crown would push the Czech central bank to
raise interest rates to fight against inflation, board member
Robert Holman said, reiterating warnings from fellow board
members in the past week.
He also said raising government budget deficits was not the
best way out of a recession as it would only raise future costs.
Lidove Noviny, page 15
IMMOEAST SELLS PRAGUE BUILDING: Austria's Immoeast <IMEA.VI>
sold Jungmannova Plaza office center to German fund Deka
Immobilien for 40 million euros.
E15, page 10
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;
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E-mail: prague.newsroom@reuters.com
(Compiled by Jason Hovet)
