PRAGUE, Oct 25 (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=========================
October confidence indicators at 0800 GMT.
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THE LEFT GAINS CONTROL OF THE SENATE: The leading Czech leftist party the Social Democrats mustered a majority in the parliament's upper house in an election on Saturday and said it would use the power to oppose the cabinet's austerity drive.
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NWR DELAYS BOGDANKA BID: Czech coal minor NWR <NWRS.L> said late on Friday it had delayed its 3.4 billion zloty ($1.19 billion) bid to acquire Polish rival Bogdanka <LWBP.WA> due to a technical issue.
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FORTUNA COMPLETES IPO: Czech betting group Fortuna <FOREsp.PR> said it has raised 78.3 million euros ($109 million) in an initial public offering that was nearly twice oversubscribed.
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CEE MARKETS: Emerging European currencies recovered from early losses triggered by profit taking on Friday, with most units trading flat on the day after the dollar found its footing against the euro, dealers said.
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CEE POWER: Czech spot power for the next working day rose on Friday as forecasts for wind generation capacity in the region were low.
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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=> 24.596 24.572 -0.1 6.54 vs Dollar <CZK=> 17.622 17.546 -0.43 4.11 Czech Equities <
> 1,140 1,140 0.73 2.03 U.S. Equities < > 11,146.57 11,107.97 0.35 6.89 Pvs close or current levels vs prior domestic close at 1500 GMT =========================PRESS DIGEST==========================BUDGET CUTS: Finance Minister Miroslav Kalousek said the government could declare a state of legislative emergency in Parliament as a way to push through the budget cuts needed for the 2011 budget. This would mean that the Senate, now dominated by the leftist Social Democrats, and which has the power to delay the measures, could only delay the approval by ten days, and not 30 days as it could do otherwise. [
] Prime Minister Petr Necas said declaring legislative emergency in this case was highly unlikely.Hospodarske Noviny, page 1
Reuters has not verified the media reports, nor does it vouch for their accuracy.
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