PRAGUE, Nov 3 (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 + 1 hours) ======================== ECONOMIC DATA ========================
Purchasing Managers' Index (PMI) for October due out at 0830 GMT
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 - End-October budget balance data.
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]BRATISLAVA, Slovakia - Czech Prime Minister Mirek Topolanek to give a speach at European Nuclear Forum (1330 GMT).
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]PRAGUE - The Czech cabinet to hold a regular session. News conference at 1200 GMT.
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] ========================= TOP NEWS ============================PM TO RESHUFFLE CABINET: Czech Prime Minister Mirek Topolanek will soon reshuffle his cabinet after a crushing loss in last month's local elections but will fight to stay head of his party ahead of the Czechs' turn as EU president next year.
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] Related news: [ ]FLOATING RATE BOND: The Czech Republic will tap the domestic bond market twice more this year with a floating rate note, trying to circumvent low demand for fixed-coupon bonds amid the global financial crisis, the Finance Ministry said.
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C.BANK SET TO CUT RATES: The Czech central bank is likely to chop interest rates by a quarter of a percentage point as inflation risks fade and growth slumps due to the weakening of west European economies, a Reuters poll showed.
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CROWN HIGHER: The Czech crown rose on Friday, bucking a edge downward in other emerging European currencies, but the region generally appeared to pause and take a breath after weeks of crisis-inspired roller-coaster trading.
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C.BANKER SEES SLOW GROWTH: Czech economic growth will slow significantly and remain low for years, Czech central bank Vice-Governor Miroslav Singer said.
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] Related news: [ ] ---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct changeclose on day in 2008 Czech Equities <
> 0,000.0 0,877.9 +0.00 -100.00 vs Euro <EURCZK=> 23.900 24.100 +0.84 +10.88 vs Dollar <CZK=> 18.608 18.804 +0.89 -2.51 U.S. Equities < > 09,325 09,181 +1.57 -29.70 Pvs close or current levels vs prior domestic close at 1500 ====================== PRESS DIGEST ===========================C.BANKER: CRISIS TO IMPACT BUSINESS: Uncertainty on the money market and limited credit activity will impact all Czech companies dependent on bank loans, Czech central bank Vice-Governor Miroslav Singer said.
Hospodarske Noviny, page 19
ORCO TO HALT PROJECTS: Orco Property Group <ORCO.PA> <
> is considering halting some of its planned projects due to difficulties with financing, Orco Vice-President Ales Vobruba was quoted as saying. He said Orco had no plans to cut prices in a reaction to the latest market turmoil and prefers to postpone new project.Hospodarske Noviny, page 15
LISBON TREATY: The Lisbon treaty will not come in to force by the end of the year even if the parliament managed to ratify the document, Vice-Prime Minister Alexandr Vondra was quoted as saying. He said Czech officials have informed the French President Nicolas Sarkozy that they cannot guarantee that "everything will be ready by the year's end" regarding the treaty's ratification.
Hospodarske Noviny, page 4
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
E-mail: prague.newsroom@reuters.com (Compiled by Jana Mlcochova)