Czech Republic - Factors To Watch on Nov 7

PRAGUE, Nov 7 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday:

RIGHTIST BECOMES PM CANDIDATE AGAIN

President Vaclav Klaus said he would again nominate rightist Civic Democrat leader Mirek Topolanek as prime minister after his proposal for a "rainbow coalition" government failed.

The Civic Democrat leadership is due to meet on Tuesday to discuss Topolanek's nomination. Topolanek has yet to say whether he is going accept it.

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- For FACTBOX on party positions, double click on [ID:nL03198885].

- For most recent news on Czech politics, click on [RTRS-LEN-CZ-POL].

CONSTRUCTION OUTPUT

Statistical Bureau (CSU) releases September construction output and grain harvest forecast at 9 a.m. (0800 GMT).

October forex reserves are due out at 10 a.m. (0900 GMT).

[RTRS-LEN-CZ-ECI]

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

CROWNS AT RECORD HIGHS

The Czech and Slovak crowns firmed to record highs against the euro on Monday as expectations of a mild slowdown and an end to rate hikes in the United States reinforced a bullish mood on central European currency markets.

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

REUTERS POLL: KOMERCNI NET SEEN UP 10 PCT

Komercni Banka <BKOMsp.PR>, the third largest Czech bank by total assets, is forecast to report a 10.4 percent rise in nine-month net profits on robust lending volumes, a Reuters survey showed.

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EURO MORE DISTANT

Euro zone entry is becoming an increasingly distant prospect for most EU newcomers despite robust economic growth, because of high budget deficits and inflation, the European Commission said.

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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))