Czech Republic - Factors To Watch on July 13

...ALL TIMES GMT (Czech Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    May industrial output data due out at 0700 GMT. The market 
expects an 11.0 percent year-on-year growth. 
    May construction output also due out at 0700. 
    May current account data due out at 0800. The market expects 
a 9.0 billion Czech crown ($437.3 million)  
     
    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 
 
 =======================TOP STORY=- ============================ 
    Tests confirmed the H5N1 type of bird flu virus in poultry 
at two farms in the eastern Czech Republic, the State Veterinary 
Authority (SVS) said. 
    The virus was found at farms with 71,000 poultry, bringing 
the number of outbreaks at Czech farms to four. 
    Story:  [ID:nL12917792] 
    Related news: [RTRS-LEN-CZ-HEA] 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    CROWN JUMPS: The Czech crown extended this week's gains to 
six-week highs against the euro on Thursday, breaking a key 
chart level and building on the previous session's nearly 1 
percent jump. 
    Story: [ID:nL12879737] Related news: [RTRS-LEN-CZ-FRX] 
     
    TEMELIN ON LINE: The nuclear power station Temelin, the 
Czech Republic's biggest power plant, connected its 1,000 
megawatt Unit 2 to the power grid, ending about a two-month 
outage. 
    Story: [ID:nL12346738] Related news: [RTRS-LEN-CZ-ELG]  
     
    PRAGUE LOSES SHINE IN FILM INDUSTRY: Hollywood producers are 
losing interest in shooting films in Prague and are looking for 
cheaper locations. The volume of foreign film production has 
dropped to 1.4 billion crowns last year from over 5 billion in 
2003. 
    Hospodarske Noviny, page 1. 
     
   TAX CUT PROPOSAL: A group of deputies within the right-wing 
Civic Democrats is proposing to cut corporate and personal 
income tax to 19 percent as of next year and change the tax base 
in a way that taxes fall faster than the government plans. 
    Hospodareske Noviny, page 3. 
     
    FOOD PRICES RISE: Food processors have begun demanding 
substantial price jumps from retailers, saying world commodity 
prices have raised costs. 
    Mlada fronta Dnes, page A8. 
 
 (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 
  
 
 ($1=20.58 Czech Crown) 
  Keywords: CZECH FACTORS/