Czech Republic - Factors To Watch on Nov 30

30.11.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Nov 30 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Thursday:

INTEREST RATES

Central bank (CNB) policymakers meet on interest rates amid universal market expectations that they will hold borrowing costs steady for the second month running.

A policy announcement is expected sometime after 12 p.m. (1100 GMT). A news conference usually follows at 3:30 p.m. (1430 GMT).

[RTRS-LEN-CZ-CEN-INT]

- For analysts' interest rate forecasts, double click on [ID:nL24299086].

Thursday's meeting is the last for the board in the current composition. Two newcomers, appointed on Tuesday, will join the policy body on Friday and will vote on rates for the first time on Dec. 20.

- For FACTBOX on who is who on the reshuffled central bank board, click on [ID:nL27834588].

SETTLEMENT WITH NOMURA?

Finance Minister Vlastimil Tlusty holds a news conference at 2 p.m. (1300 GMT) on his ongoing talks with Japan's Nomura Holdings <8604.T>. Tlusty said on Tuesday he was close to reaching a settlement in the case of failed Czech bank IPB.

[ID:nL28508591] [RTRS-LEN-CZ-NOMURA]

The mainstream daily Mlada fronta Dnes reported that any agreement might include token compensation paid by the Czechs to the Japanese bank.

CABINET MEETING

The outgoing cabinet meets in a regular weekly session at 7:30 p.m. (1830 GMT). News conference is tentatively scheduled for 9 p.m. (2000 GMT).

The government is expected to vote to delay the annual update of its euro convergence plan until after any new government has taken power and set a strategy for cutting a yawning fiscal deficit, the Finance Ministry said on Wednesday.

[nL29489577]

MONEY SUPPLY

October money supply data <CZM2Y=ECI> are due out at 10 a.m. (0900 GMT).

Third-quarter wage data released on Wednesday helped re-inforce the market's view that the central bank is unlikely to rush with an interest rate increase despite this year's revival in household spending, fed also by consumer borrowing.

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

[CZ/INSTANT] [RTRS-LEN-CZ-ECI]

SUCCESSFUL 30-YEAR BOND LAUNCH

The Czech Republic raised the sale of a debut 30-year government bond on Wednesday in what market players said was a very successful launch of the longest-maturity debt among central European governments.

[nL29432305]

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

ECM PREPARES IPO

Developer ECM Real Estate Investments is looking to raise about 95 million euros through an initial public offering due to be completed by Dec. 5, the company said.

[nL29509070] [RTRS-LEN-CZ-ECM]

UNIPETROL FINED

The European Commission imposed its second-largest cartel fine ever -- 519 million euros ($685 million) -- on five companies for fixing prices of synthetic rubber used to make tyres and other products.

Czech firm Unipetrol <UNPEsp.PR>, majority-owned by Polish refiner PKN Orlen <PKNA.WA>, was fined 17.6 million euros.

[nL29436493] [RTRS-LEN-CZ-UNPEsp.PR]

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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