PRAGUE, May 12 (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 hour) ======================== ECONOMIC DATA ========================
April inflation, March industrial and construction data at 0700 GMT.
April unemployment data at 0700 GMT.
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[
]Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies.............................[
] ============================EVENTS==============================PRAGUE - Ministerial meeting EU - Rio Group in attendance of 27 European Union's Foreign Ministers and 23 Foreign Ministers from Latin America and the Caribbean.
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VIENNA, Austria - Austria's Vienna Insurance Group <VIGR.VI> <VIGRsp.PR> should release first quarter results.
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VIENNA, Austria - Ertse Bank <ERST.VI> <
> to hold an annual shareholders' meeting.Related news: [
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PRAGUE - The lower house of parliament to hold an extraordinary session. Public health insurance law at the schedule (1200 GMT).
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PRAGUE - The lower house of parliament to continue a session. Constitutional law on shortening electoral term for the lower house and package of anti-crisis measures on the schedule.
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] ========================TOP NEWS===============================BUDGET OVERSHOOT: Czech officials warned on Monday the public finance gap would overshoot EU-dictated limits this year and next but Poland's government said it could slash its deficit from similar levels, drawing scepticism from economists.
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CEE FX EDGE DOWN: Central European currencies inched lower on Monday, continuing a retreat from highs over the past month but still buoyed by a global risk rally that is showing faint signs of cooling.
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FITCH CUTS KOMERCNI: Fitch Ratings has downgraded Czech Republic-based Komercni Banka's (KB) Long-term Issuer Default Rating (IDR) to 'A' from 'A+' and downgraded its Individual Rating to 'C' 'from 'B/C'.
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] Related news: [ ]---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2009 Czech Equities <
> 962.9 962.9 +0.00 n/a vs Euro <EURCZK=> 26.790 26.810 +0.07 +0.00 vs Dollar <CZK=> 19.667 19.660 -0.04 -2.83 U.S. Equities < > 8,419 8,575 -1.82 -4.07 Pvs close or current levels vs prior domestic close at 1600 GMT ==========================PRESS DIGEST=========================CZECHS IN MUTUAL FUNDS: Czech assets in mutual funds dropped by around 30.9 billion crowns ($1.58 billion) in the first quarter to 213 billion, according to the Association for Capital Markets.
Mlada Fronta Dnes, page B2
HOUSEHOLD DEBT: Overall Czech household debt reached 906.3 billion crowns at the end of March, up about 150 billion in 12 months.
Hospodarske Noviny, page 17
Reuters has not verified the media reports, nor does it vouch for their accuracy.
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E-mail: prague.newsroom@reuters.com (Compiled by Jason Hovet)