PRAGUE, Dec 5 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday.
ALL TIMES GMT (Czech Republic: GMT + 1 hours) =========================ECONOMIC DATA=========================
Q3 real wage data at 0800 GMT.
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Previous stories on Czech data.............[
]Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[
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NO EURO FOR CZECHS FOR NOW: The Czech Republic does not need to negotiate a formal opt-out from joining the euro currency, which would not be to the country's advantage for a long time, Prime Minister Petr Necas said on Sunday.
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CZECH DATA PREVIEW: A continued growth in foreign orders kept Czech industrial output growth in double digits in October.
Analysts said the short-term outlook was bullish, but there was a concern that an expected slowdown in euro zone output next year could negatively affect Czech production.
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CEE MARKETS:Central European bonds and stocks gained on Friday, still supported by a batch of favourable data earlier this week, but currencies failed to track a stronger euro in thin trade.
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CEE POWER: Czech power for the next working day fell from a two-year high on Friday as slightly warmer temperatures were expected while Cal '11 baseload hit a three-month high as other fuels rose.
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] Related news: [ ] ---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct changeclose on day in 2010 vs Euro <EURCZK=> 25,008 25,012 0,02 4,98 vs Dollar <CZK=> 18,724 18,733 0,05 -1,89 Czech Equities <
> 1,166 1,166 0,03 4,36 U.S. Equities < > 11,382,09 11,362,41 0,17 9,15 Pvs close or current levels vs prior domestic close at 1500 GMT =========================PRESS DIGEST==========================C.BANKER ON SOLAR BOOM: A drop in investment in photovoltaic power plans next year is expected slow the economic growth, along with government fiscal cuts, Czech central bank Vice Governor Vladimir Tomsik said. He said the five consecutive quarter-on-quarter economic expansions that the Czech Republic has shown means the economy has rebounded.
E15, page 1
CAR SALES: Sales of new cars rose by 5 percent year on year in the first eleven months to 154,000 units, a car importers association said. For the whole year car sales should reach 170,000.
Hospodarske Noviny, page 17
Reuters has not verified the media reports, nor does it vouch for their accuracy.
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