Czech Republic - Factors To Watch on July 20

...ALL TIMES GMT (Czech Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic data are due out on Friday. The next scheduled 
indicator release is on Tuesday, July 31, when the central bank 
publishes June M2 money supply. 
    Real-time economic data releases.................... 
 
 -------------------- RELEASED INDICATORS ---------------------- 
    Retail sales grew 7.0 percent year-on-year in May 
, slowing slightly more than markets had expected 
after April's 8.1 percent rise. 
    Previous stories on Czech data............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts......... 
    Updates on Czech currency............................[CZK/] 
 
 ========================== TOP STORY ========================== 
    Interest rates are set to rise next week to prevent a weak 
crown and buoyant spending from stoking inflation pressures in 
the strong central European economy, a Reuters poll showed. 
    Story: [nL19721375] Table of forecasts: [nL1997200] 
 
 =========================== EVENTS ============================ 
    NEWS CONFERENCE ON INVESTING: The Czech unit of Belgium's 
KBC , bank CSOB, holds a news conference on 
socially-responsible investing at 0900. 
    Related news: [RTRS-LEN-CZ-KBKBt.BR] 
 
 ======================= MARKET SNAPSHOT ======================= 
 Index/Unit           Value          Change          Pct Change 
 PX             1870.3            6.3            0.34 
 DJIA         14000.4           82.2            0.59 
 EUR/CZK      28.265         -0.010         -0.04 
 USD/CZK         20.458         -0.029         -0.14 
 EUR/USD          1.3800        -0.0019        -0.14 
 EUR/JPY     168.63           0.02           0.01 
 5Y YIELD     4.11 
 15Y YIELD   4.78 
 Previous close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    ECM REAL ESTATE INVESTMENTS : CAIB has raised its 
rating on shares in property developer ECM Real Estate 
Investments  to "buy" from "hold" while keeping the 
target price at 74.7 euros. 
    Story: [nL19932652] Related news: [RTRS-LEN-CZ-ECMPsp.PR] 
     
    TESCO : Britain's Tesco  wants to become the 
Czech retail market leader by 2010. It currently shares second 
place with Dutch retailer Ahold . Tesco wants to open 
24 new small stores and increase their number to 108 this year. 
    Lidove Noviny, page 11 
     
    CZECHS OPPOSE RADAR BASE: Nearly two-thirds of Czechs are 
against hosting part of a U.S. missile shield that the 
government is discussing with Washington, a public opinion poll 
showed. 
    Story: [nL19807890] Related news: [RTRS-LEN-CZ-ECMPsp.PR] 
     
    PRESIDENTIAL CANDIDATES: The opposition leftist Social 
Democrats (CSSD) are considering three candidates for next 
year's presidential election, including former Foreign Minister 
and dissident Jiri Dienstbier. 
    Lidove Noviny, page 3 
    Related news: [RTRS-LEN-CZ-POL] 
 
 
 (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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