Czech Republic - Factors To Watch on June 4

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WAGE DATA IN SPOTLIGHT

First-quarter average wage data due out at 9 a.m. (0700 GMT). Analysts have said robust consumer spending in early 2007 pointed at a sharp acceleration in wage growth, which could stoke inflationary pressures.

Real-time economic indicators.....................

Previous stories on Czech data............[CZ-RTRS-LEN-ECI]

Overview of economic data and forecasts.........

CABINET MEETING

The cabinet meets in a regular weekly session. No market-related items are on the agenda.

News conference is tentatively scheduled for 1100 GMT.

Related news: [RTRS-LEN-CZ-POL]

BUSH VISITS PRAGUE

U.S. President George W. Bush starts an official visit to the Czech Republic.

When he flies into Prague on Monday to try to persuade Czechs to accept a U.S. radar base on their soil, he will find a nation that knows what dealing with, and crossing, a superpower can mean.

Story: [nL03268054]

Voters in three Czech villages near a planned U.S. missile shield radar base rejected the proposal in referendums at the weekend on the eve of Bush's visit.

Story: [nL0331727]

Related news: [RTRS-LEN-CZ-US-DIP]

MAY BUDGET BALANCE

The central state budget showed an 8.97 billion crowns ($425.7 million) deficit for the month of May, sending the year-to-date balance deeper into the red.

Instant View: [nL01624063]

Table: [nPRA001323]

BOND ISSUANCE

The Czech Republic plans to issue 26 billion crowns ($1.23 billion) through medium-term and long-dated local currency government bonds between July and September.

Story: [nL01253827]

Auction schedule: [nL01316694]

Bond auction details and results:

Related news: [RTRS-LEN-CZ-GVD]

PMI SLIPS

The Purchasing Manager's Index (PMI) remained strong in May, though growth was below rates set earlier the year.

Instant View: [nL31673615]

Table: [nPRA001321]

For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts For diary of forthcoming Czech events [CZ/DIARY] For calendar of east European economic indicators [CONV/DIARY] TOP NEWS -- Emerging markets [TOP/EMRG] TOP NEWS -- Convergence watch [TOP/EAST]

For an economic indicator diary for the euro zone, the United States and other Group of Seven countries see

For real-time stock market index quotes click in brackets: Warsaw WIG20 Budapest BUX Prague PX

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E-mail: prague.newsroom@reuters.com

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