Czech Republic - Factors To Watch on July 12

...ALL TIMES GMT (Czech Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No data due for release on Thursday. Next set of indicators 
is May industrial and construction output, due out on Friday. 
    Real-time economic data releases.................... 
 
 -------------------- RELEASED INDICATORS ---------------------- 
    Consumer inflation inched up in line with forecasts in June 
to match a nine-month high, boosting the crown currency and 
cementing expectations that the European Union's lowest interest 
rates will rise this month. 
    Story: [nL11222777] Instant View: [nL11449369] 
    Previous stories on Czech data............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts......... 
 
 ========================== TOP STORY ========================== 
    The crown rose nearly 1 percent on Wednesday, firming to a 
five-week high of near 28.3 to the euro as investors unwound 
crown-selling positions on expectations of interest rate hikes. 
    Story: [nL11821283] 
    Updates on Czech currency............................[CZK/] 
 
 ======================= MARKET SNAPSHOT ======================= 
 Index/Unit           Value          Change          Pct Change 
 PX             1863.2          -16.5            -0.88 
 DJIA         13577.9           76.2             0.56 
 EUR/CZK      28.336         -0.009          -0.03 
 USD/CZK         20.588         -0.014          -0.07 
 EUR/USD          1.3752        -0.0011         -0.08 
 EUR/JPY     168.12           0.19            0.11 
 5Y YIELD     4.10 
 15Y YIELD   4.74 
 Previous close or current levels vs prior domestic close at 1500 
 
 =========================== EVENTS ============================ 
    CENTRAL BANK: The central bank governing board holds a 
regular weekly meeting. It is not scheduled to discuss monetary 
policy issues. 
    LABOUR CODE: Labour and Social Affairs Minister Petr Necas 
holds a news conference on labour code at 1230. 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
 
    PEGAS NONWOVENS : Private equity fund Pamplona 
Capital Partners I has placed its entire 43.4 percent stake in 
artificial fabrics maker Pegas Nonwovens on the Prague and 
Warsaw bourses. 
    Story: [nL11122453] Related news: [RTRS-LEN-CZ-PGSNsp.PR] 
     
    BIRD FLU: Vets found an unidentified type of H5 bird flu 
virus at two Czech farms with 71,000 poultry, bringing the 
number of outbreaks at farms to four. 
    Story: [nL11793656] Related news: [RTRS-LEN-CZ-HEA] 
     
    EU TREATY: New European Union president Portugal set out 
plans for a quick march to adopt a treaty reforming the 
27-nation bloc in mid-October, aiming to cut off any bid by 
Poland to reopen a deal on the voting system. 
    Story: [nL11802460] Related news: [RTRS-LEN-CZ-EU-DIP] 
     
    MORTGAGE BORROWING: Banks have reported more than 50 percent 
increase in mortgage lending in the first half of this year as 
borrowers rush to lock in current low interest rates, writes the 
business daily Hospodarske Noviny (page 13). 
     
    POLITICS: The popularity of the opposition Social Democrats 
(CSSD) have for the first time since the mid-2006 election 
surpassed that of the ruling right-wing Civic Democrats (ODS) in 
an opinion poll, writes the daily Pravo (page 1). The most 
recent Median survey put the CSSD 1.5 percent ahead of the ODS. 
 
 
 (Reuters has not verified any of the newspaper reports that may 
be quoted above and does not vouch for their accuracy.) 
 
 
 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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fax: +420 224 229 935 
    E-mail: prague.newsroom@reuters.com 
    Reuters Messaging: jan.lopatka.reuters.com@reuters.net 
 
  
  Keywords: CZECH FACTORS/