Czech Republic - Factors To Watch on Aug 14

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    July producer prices (PPI)  are due for release 
at 0700. Markets will scan the number for clues about whether 
the underlying inflation pressure gives the central bank an 
additional argument to tighten policy at the end of this month. 
    July monetary base is due out at 0800. 
    Real-time economic data releases.................... 
 
 -------------------- RELEASED INDICATORS ---------------------- 
    Industrial output  growth slowed to 6.9 percent 
year-on-year in June, lagging the consensus market forecast of a 
7.8 percent increase.  
    Instant View: [nL13698020] 
    The current account  posted a much 
lower-than-expected deficit of 13.33 billion crowns ($648.1 
million) in June, after a 5.35 billion deficit a month earlier. 
    Instant View:  [nL13322751] 
    Previous stories on Czech data.............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts.......... 
    Updates on Czech currency.............................[CZK/] 
 
 ========================== TOP STORY ========================== 
    UNIPETROL : Oil group Unipetrol posted a 45 
percent increase in first-half net profit, fuelled by favourable 
conditions in both the petrochemical and refining markets. 
    Story: [nL13644233] Related news: [RTRS-LEN-CZ-UNPEsp.PR] 
 
 =========================== EVENTS ============================ 
    TALKS ON FISCAL REFORMS: Leaders of ruling coalition parties 
failed to agree at a meeting late on Monday on a joint 
compromise amendment to the government's fiscal reforms aiming 
to overhaul taxes and cut public spending. 
    Party leaders are expected to meet again on Tuesday. Debate 
in second out of three required readings is due to open at 1200. 
    Prime Minister Mirek Topolanek told local media the 
coalition parties are unlikely to present a final amendment to 
the lower house of parliament until Wednesday. 
    Hospodarske Noviny, pages 1-3 
    Related story: [ID:nL08249488] 
    FACTBOX on proposed measures: [ID:nL07797331] 
    Related news: [RTRS-LEN-CZ-POL-GVD] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 PX Index        1,783.6  1,750.6   +1.89        +12.25 
 vs Euro      28.010   28.000   -0.04         -1.82 
 vs Dollar       20.551   20.551   +0.00         +1.31 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    CEZ : Net profit at power firm CEZ is expected to 
rise by 21.6 percent in the second quarter on higher electricity 
prices and acquisitions, which compensated for slowing growth in 
domestic demand. 
    Story: [nL13743170] Related news:[RTRS-LEN-CZ-CEZPsp.PR] 
     
    ZENTIVA : Komercni Banka raised its target price 
for generic drug maker Zentiva to 1,450 crowns from 1,390. 
    The bank maintained its "buy" recommendation on the stock 
which gained 1 percent on Monday to 1,230 crowns. 
    Story: [nL13737933] Related news: [RTRS-LEN-CZ-ZNTVsp.PR] 
     
     
 
 
 (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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    E-mail: prague.newsroom@reuters.com 
    Reuters Messaging: alan.crosby.reuters.com@reuters.net 
 
 

[PRAGUE/Reuters/Finance.cz]