PRAGUE, Feb 1 (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 hour)
=========================ECONOMIC DATA=========================
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 - Purchasing Managers' Index (PMI) for January due
out at 0830 GMT.
Related news: []
PRAGUE - End-January budget balance data.
Related news: []
PRAGUE - The Czech cabinet to hold a session. News
conference to follow.
Related news: []
=========================TOP NEWS=============================
CEE MARKETS: The Polish zloty and the Romanian leu led gains
in central Europe on Friday, after Poland outlined a fiscal
consolidation plan and risky assets were boosted by strong U.S.
GDP data.
Story: [] Related news: []
INDUSTRY RISE: Czech industrial output rose 2.1 percent
year-on-year in December, more than market expectations and the
first annual rise since September 2008, the Czech Statistics
office said in a flash estimate on Friday.
Story: [] Related news: []
MONEY SUPPLY: Czech money supply, as measured by the M2
indicator, grew by 4.3 percent year-on-year at the end of
December, after a revised 4.1 percent rise the previous month,
central bank data showed on Friday.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1176,7 1176,7 -0,82 5,32
vs Euro <EURCZK=> 26,147 26,054 -0,36 0,65
vs Dollar <CZK=> 18,764 18,859 0,5 -2,11
U.S. Equities <> 10067,33 10120,46 -0,52 -3,46
Pvs close or current levels vs prior domestic close at 1600
=========================PRESS DIGEST===========================
EURO: Finance Minister Eduard Janota is considering
extending the validity of tax laws, including a higher VAT rate,
which were to expire at the end of this year. The plan is to cut
the fiscal gap to 3 pct/GDP by 2013 to meet the country's
convergence programme. For this reason, Janota is also
considering introducing a new personal income tax rate of 31
percent for an income of over 1.7 million crowns ($91,450) a
year.
E15, page 17
ELECTION: The leading Czech rightist party the Civic
Democrats (ODS) will introduce an economic council on Monday
that should help the party prepare a programme ahead of an
election in May. The party is looking for ways how to narrow its
rival Social Democrats' lead in opinion polls and beat them in
the election.
Hospodarske Noviny, page 2; Mlada Fronta Dnes, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on []
For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events []
For calendar of east European economic indicators []
TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
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 <> Budapest BUX <> Prague PX <>
News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
(Compiled by Jana Mlcochova)
E-mail: prague.newsroom@reuters.com
