PRAGUE, Sept 14 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday.
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PRAGUE - Representatives of the cabinet and labour unions to hold meeting (1400 GMT). Discussion on the budget draft for 2011 on the schedule.
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PRAGUE - Central & Eastern European Steel Conference.
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JULY C/A SHOWS WIDE GAP: The Czech current account showed a 32.53 billion crown ($1.69 billion) deficit in July due to high dividend payments abroad, the biggest gap since August 2007.
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CEE POWER: Czech spot prices traded lower on Monday compared to the last working day as wind generation in the region was expected to pick up from Tuesday, traders said.
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CEE MARKETS: The forint firmed and Hungarian government bond yields fell to 3-week lows as optimism over the country's deficit cut plans prevailed, despite confusing new comments from Prime Minister Viktor Orban.
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] Related news: [ ]---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010 vs Euro <EURCZK=> 24.645 24.627 -0.07 6.36 vs Dollar <CZK=> 19.128 19.135 0.04 -4.09 Czech Equities <
> 1,149.4 1,149.4 0.93 2.87 U.S. Equities < > 10,544.13 10,462.77 0.78 1.11 Pvs close or current levels vs prior domestic close at 1500 GMT =========================PRESS DIGEST==========================R&D: Funding for innovation is the only part of the budget that has not been cut for next year, Prime Minister Petr Necas said.
Hospodarske Noviny, page 17
ROAD SPENDING: The Transport Ministry plan sees 280 billion crowns spent on road projects by 2014, with the state paying 33 billion crowns yearly and the rest covered with European funds and loans from the European Investment Bank.
Mlada Fronta Dnes, page C1
Reuters has not verified the media reports, nor does it vouch for their accuracy.
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