Czech Republic - Factors To Watch on July 1

                                
 PRAGUE, July 1 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

 ======================== ECONOMIC DATA ========================
                                
 Purchasing Managers' Index out at 030 GMT.
                                
 
                                
 Real-time economic data releases....................<ECONCZ>
                                
 Previous stories on Czech data.............[CZ-RTRS-LEN-ECI]
                                
 Overview of economic data and forecasts..........<CZ/ECON15>
                                
 Updates on Czech currency.............................[CZK/]
                                
 
====================== EVENTS ===============================
                                
 PRAGUE - Purchasing Managers' Index (PMI) for June due out
at 0730 GMT.
                                
 PRAGUE - End-June budget balance data.
 
====================== TOP NEWS ===============================
                                
 JUNE CPI SEEN REBOUNDING: Czech consumer inflation rebounded
in June, fuelled by soaring fuel prices as well as the delayed
effect of an excise tax hike in January, a Reuters poll showed
on Monday.
                                
 Story: [ID:nL30295762]  Related news: [RTRS-LEN-CZ-ECI]

====================== OTHER NEWS =============================
                                
 ZENTIVA DIVIDEND: Zentiva <ZNTVsp.PR> trades for the last
day with the right to dividend.
                                
 Related news: [RTRS-LEN-CZ-DRU]

                                
 TURKISH POWER GRIDS TO BE AUCTIONED: Two Turkish power grids
will be auctioned on Tuesday, the Privatisation Administration
said. Czech power group CEZ <CEZPsp.PR> is among the bidders.
                                
 Story: [ID:nL305552]  Related news: [RTRS-LEN-CZ-ELG]

---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,483.5  1,478.0   +0.37        -18.27
 vs Euro     <EURCZK=>  23.920   23.905   -0.06        +10.79
 vs Dollar      <CZK=>  15.157   15.168   +0.08        +19.89
 U.S. Equities  <.DJI>  11,350   11,347   +0.03        -14.44
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ===========================
                                
 
                                
 STRONG CROWN HARMS SKODA: The appreciation of the Czech
crown cost Volkswagen's <VOWG.DE> Skoda Auto 1 billion crowns in
lost operating profit in the first quarter.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 COMPANIES' HEDGING ENDS: The currency hedges of many
exporters are expiring soon, and renewing the contracts could
caused the crown to appreciate more.
                                
 E15, page 1
                                
 
                                
 CIGARETTE PRICES RISE: Philip Morris Czech Republic
<TABKsp.PR> raised the price of cigarettes by 8 crowns,
reflecting the January excise tax hike, after it sold out
stockpiles made last year.
                                
 Mlada Fronta Dnes, page B1

                                
  Reuters has not verified the media reports, nor does it
vouch for their accuracy.
                                
 
 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: Jan Lopatka on +420 224 190 477;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)