Czech Republic - Factors To Watch on Nov 1

...Republic: GMT + 1 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    Purchasing Managers' Index (PMI) for October is due out at 
0830. 
    The Finance Ministry releases end-October budget balance. It 
usually publishes a statement sometime after 1300. 
 
    Real-time economic data releases.................... 
 
    Previous stories on Czech data.............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts.......... 
 
 ========================== TOP STORY ========================== 
    CZECH VICE-PM UNDER PRESSURE TO QUIT: Czech Prime Minister 
Mirek Topolanek told his number two to quit unless he explains 
media reports that he received welfare payments while having 
large personal savings. 
    Story: [nL31827049] Related news: [RTRS-LEN-CZ-POL] 
 
 =========================== EVENTS ============================ 
    PM NEWS CONFERENCE: Prime Minister Mirek Topolanek holds an 
extraordinary news conference at 1100. His office did not say 
what issues the premier would discuss. 
    Related news: [RTRS-LEN-CZ-POL] 
     
    CME EARNINGS: Central European Media Enterprises (CME) 
  expected to release nine-month results 
sometime before 1430. Teleconference at 1500. 
    CME is expected to post a third-quarter net loss of $5.5 
million after a $3.9 million net profit a year ago, according to 
a Reuters survey of six analysts. 
    Story: [ID:nL30277666] Related news: [RTRS-LEN-CZ-CETV.O] 
     
    T-BILL AUCTION: The Finance Ministry offers a tranche of 
13-week Treasury bills through an auction to be conducted by the 
central bank. 
    For auction details and results, double click on the 
following code:  
     
    C.BANK NON-POLICY MEETING: The central bank's governing 
board holds a regular weekly meeting. It is not scheduled to 
discuss monetary policy issues. No statement is usually 
published at the conclusion of non-policy meetings. 
    Related news: [RTRS-LEN-CZ-CEN] 
     
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 Czech Equities   1,908.3  1,913.4   -0.27        +20.10 
 vs Euro       26.930   26.880   -0.19         +2.12 
 vs Dollar        18.601   18.575   -0.14        +11.93 
 U.S. Equities    13,930   13,792   +1.00        +11.77 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    LOWER FISCAL GAP: The Finance Ministry cut its forecast for 
the 2007 public sector deficit to 3.4 percent of gross domestic 
product (GDP) from a previous estimate 3.6 percent. 
    Story: [nPRA001578] Related news: [RTRS-LEN-CZ-GVD] 
    Table with quarterly update of main forecasts: [nL31836239] 
     
    UNIPETROL ENDS ASSETS ROW: Downstream oil group Unipetrol 
 reached an out-of-court settlement with chemicals 
firm Deza, ending a dispute over stakes in two other chemicals 
companies. 
    Story: [nL31854271] Related news: [RTRS-LEN-CZ-UNPEsp.PR] 
     
    US LAWMAKERS REFUSED FUNDS FOR MISSILE SHIELD: A military 
funding bill moving through Congress will not contain money to 
begin building a controversial U.S. missile defense system in 
Europe, a senior Democratic lawmaker said. 
    Story: [nN31479184] Related news: [RTRS-LEN-CZ-US-DIP] 
     
    CPI SEEN AT 5-1/2-YEAR HIGH:  A rise in natural gas and food 
prices probably lifted Czech inflation to its highest in 5-1/2 
years in October, according to a Reuters poll, which gave weight 
to the market's view that interest rates will head higher. 
    Story: [nL30594915] Related news: [POLL/CZ] 
    FORECASTS FOR DATA DUE OUT IN OCTOBER.........[ID:L30358202] 
 
 ======================= PRESS DIGEST ========================== 
    LABOUR SHORTAGE: Jaromir Drabek, head of the Economic 
Chamber, said a shortage of workers is one of the biggest 
threats to the country's economic development. He urged the 
government to abolish incentives such as tax breaks for 
investors setting up new factories or expanding existing ones. 
    Mlada fronta Dnes, page 10 
     
 
 
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fax: +420 224 229 935 
    E-mail: prague.newsroom@reuters.com 
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[PRAGUE/Reuters/Finance.cz]