Czech Republic - Factors To Watch on Nov 1

01.11.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Nov 1 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday:

PRESIDENT URGES QUICK DEAL

President Vaclav Klaus urged leaders from the five parliamentary parties on Tuesday to reach a quick deal after an inconclusive June general election.

[nL31756233]

Klaus meets Christian Democrat (KDU-CSL) leader Jan Kasal at 10 a.m. (0900 GMT). The president meets Civic Democrat leader (ODS) and outgoing Prime Minister Mirek Topolanek at 1 p.m. (1200 GMT).

- For most recent news on Czech politics, double click on the following codes:

[ID: nL30851871]

[ID:nL29849588] [ID:nL28866559] [RTRS-LEN-CZ-POL]

ECONOMIC DATA RELEASES

Purchasing Managers' Index (PMI) for September is due out at 9:30 a.m. (0830 GMT).

[RTRS-LEN-CZ-PMI]

End-October central state budget balance <CZBUD=ECI> is due for release at around 2 p.m. (1300 GMT).

[RTRS-LEN-CZ-ECI]

- For real-time economic indicator releases and consensus market forecasts, double click on <ECONCZ>.

BOND AUCTION

The finance ministry offers a new tranche of the 2-year benchmark state bond <CZ2YT=RR> in an auction to be conducted by the central bank.

- For auction details and results, double click on <CNB08>.

CABINET MEETING

The outgoing rightist cabinet meets in a regular weekly session but has no market-related items on its agenda. News conference is tentatively scheduled for 11 a.m. (1000 GMT).

[RTRS-LEN-CZ-POL]

CROWN AT THREE-MONTH HIGHS

The Czech crown firmed to three-month highs versus the euro on Tuesday on buying by big London-based investment banks, amid signs that the five-month-old political crisis may end soon.

[nL31305613]

- For regular updates on Czech currency moves, click on [CZK/].

POLL: CROWN SEEN FIRMING

The Czech crown is likely to rally to new all-time highs of 27.70 per euro <EURCZK=> over the next 12 months, extending a long-term trend fed by rising exports, a Reuters poll shows.

[ID:nL1863825] [ID:nL18826170] [CZK/POLL]

Individual forecasts can be accessed through the following page <CZ/ECON07>.

MICROSOFT

Microsoft Corp. <MSFT.O> is setting up a European business support centre for mobile technologies in the Czech Republic, the U.S.-based software company said.

[nL31329155] [RTRS-LEN-MSFT.O]

REUTERS POLL: CPI SEEN TUMBLING

Annual inflation is expected to have eased to a near 1-1/2-year low in October as energy and fuel costs fell following a drop in world crude oil prices, a Reuters poll of analysts showed.

[nL30918482] [nL30177465] [POLL/CZ]

RATES ON HOLD

The central bank (CNB) kept its benchmark interest rate steady, matching market expectations that it would pause in its tightening cycle after a quarter of a percentage point hike last month.

[nL26548848] [CNB/INT]

- For TABLE outlining the central bank's new quarterly economic forecasts, double click on [nPRA000994].

- For TABLE detailing analysts' interest rate forecasts before this week's meeting, click on [ID:nL20536892].

- For FACTBOX on monetary decisions in central Europe, click on [ID:nL23820301].

Overview of past economic data and market forecasts <CZ/ECON15> For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts <CZ/ECON01> 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 <G7TODAY>

For real-time stock market index quotes click in brackets: Warsaw WIG20 <.WIG20> Budapest BUX <.BUX> Prague PX <.PX>

News editor of the day: Alan Crosby on +420 224 190 477; fax: +420 224 229 935

E-mail: prague.newsroom@reuters.com

Reuters Messaging: alan.crosby.reuters.com@reuters.net

((Compiled by Marek Petrus; Reuters Messaging: rm://marek.petrus.reuters.com@reuters.net; e-mail: prague.newsroom@reuters.com or marek.petrus@reuters.com; Tel: +420 224 190 477))

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