Czech Republic - Factors To Watch on July 31

...ALL TIMES GMT (Czech Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    June M2 money supply is due for release at 0800. No 
consensus forecast is available. 
    Real-time economic data releases.................... 
 
    Previous stories on Czech data............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts......... 
    Updates on Czech currency............................[CZK/] 
 
 ========================== TOP STORY ========================== 
    CME  EARNINGS: Net profits at broadcaster 
CME are expected to have quadrupled in the second quarter due to 
a rebound in key markets and lower exchange rate losses, a 
Reuters poll showed. 
    Story: [nL30524309] Related news: [RTRS-LEN-CZ-CETV.O] 
 
 =========================== EVENTS ============================ 
    ERSTE BANK : Austria's Erste Bank and 
its unlisted Czech unit Ceska Sporitelna releases second-quarter 
results at 0530. News conference with Sporitelna's Chief 
Executive Gernot Mittendorfer at 0800. 
    Related news: [RTRS-LEN-CZ-ERST.VI] 
 
 ======================= MARKET SNAPSHOT ======================= 
 Index/Unit           Latest          Net Chg          % Chg 
 PX             1764.7           -6.7            -0.38 
 DJIA         13358.3           92.8             0.70 
 EUR/CZK      28.075         -0.025          -0.09 
 USD/CZK         20.476          0.014           0.07 
 EUR/USD          1.3697         0.0015          0.11 
 EUR/JPY     162.78           0.71            0.44 
 5Y YIELD   4.28 
 15Y YIELD  4.69 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
 
    ERSTE BANK : Erste Bank der 
oesterreichischen Sparkassen  posted a 25-percent rise 
in second-quarter net profit, at the lower end of analysts' 
forecasts as costs of integrating its new Romanian unit weighed. 
    [nVIE001080] Related news: [RTRS-LEN-CZ-ERST.VI] 
     
    SHARES IN ZENTIVA : Brokerage Wood&Co has lowered 
its target price for shares of Zentiva  to 1,550 
crowns from 1,700 crowns after the Czech drugs maker issued a 
profit warning. 
    Story: [nL30709036] Related news: [RTRS-LEN-CZ-ZNTVsp.PR] 
     
    FOOD PRICES: Rising food prices in Germany, England, and 
Austria have been partially reflected on the Czech market but 
retail chains are expected to prevent domestic prices from 
increasing sharply. Czech farmers are taking advantage of the 
situation and are attempting to sell their production in Europe 
for higher prices. 
    Hospodarske Noviny, page 1 
     
    GERMAN MOVE ON LABOUR: Suggestions that Germany might open 
its borders to workers from European Union states to its east 
are welcome, but the move could come too late to combat a 
shortage of skilled labour effectively, economists say. 
    Story: [nL30282725] Related news: [RTRS-LEN-CZ-DE-EU] 
 
 
 (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] 
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 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          
 
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