PRAGUE, Oct 21 (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 ========================
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on Czech currency.............................[]
==========================EVENTS=============================
PRAGUE - ECB-CFS Research Network conference "The markets
for retail financial services: development, integration and
economic effects" to continue.
Related news: []
PRAGUE - The lower house of parliament to hold a session.
First reading of the 2009 state budget draft should be on
agenda.
Related news: []
========================= TOP NEWS ============================
ECM'S SHAREHOLDER MAKES BID: The largest shareholder of
Czech developer ECM Real Estate Investments <> said on
Monday it would launch a 303 crown per share voluntary offer for
the company.
Story: [] Related news: []
UNIPETROL SEES DROP IN Q3 EBIT: Czech oil refiner Unipetrol
<> said on Monday that its third quarter earnings
before interest and tax (EBIT) will likely be lower than the
1.01 billion crowns ($54.42 million) it posted a year ago.
Story: [] Related news: []
C.BANK CONSIDERS TURNING MARKET MAKER: The Czech central
bank (CNB) is ready to consider becoming a market-maker on the
domestic bond market if the market remains frozen, the bank's
Vice-Governor Miroslav Singer said.
Story: [] Related news: []
FORINT, STOCKS SLIDE: The slumping Hungarian forint dragged
on central European currencies on Monday, as investors remained
cautious on the country despite measures taken last week to
shore up confidence in the banking sector.
Story: [] Related news: []
NWR TO BUY 25 PCT IN FERREXPO: Czech coal mining group NWR
<NWRS.L> <NWRSsp.PR> will acquire a 25 percent stake in
Ukrainian iron ore company Ferrexpo <FXPO.L>, giving it a
foothold in the vast Ukraine market, the company said.
Story: [] Related news: []
PM SAYS LISBON MAY BE RATIFIED: The Czech Republic may still
be able to ratify the EU's Lisbon treaty by the end of the year
despite its consideration by the country's Constitutional Court,
Prime Minister Mirek Topolanek said.
Story: [] Related news: []
C.BANK ADDS LIQUIDITY: The Czech central bank (CNB) added
1.2 billion crowns ($64.65 million) in liquidity to the banking
system in a repo aimed at supporting operation of the seized-up
bond market.
Story: [] Related news: []
TEMELIN UNIT 1 SHUT AFTER FAULT: Czech nuclear plant Temelin
shut down its 1,000 megawatt unit 1 on Sunday after a fault on
low-pressure turbine part, the plant said.
Story: [] Related news: []
C.BANK CHIEF SAYS CAN HANDLE MARKET: The Czech central bank
should be able to handle spillover effects from the financial
crisis on the Czech money market through standard operations,
central bank chief Zdenek Tuma said.
Story: [] Related news: []
C.BANKER: RATE CUT LIKELY: The Czech central bank (CNB) will
likely discuss how much interest rates should be cut when its
board meets on monetary policy next month but cutting half a
percentage point may be too much, a CNB board member said.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities <> 0,000.0 0,864.2 +0.00 -100.00
vs Euro <EURCZK=> 25.190 25.163 -0.11 +5.20
vs Dollar <CZK=> 18.884 18.813 -0.43 -3.84
U.S. Equities <> 09,265 08,852 +4.67 -30.15
Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST ===========================
NO CRISIS: Industry and Trade Minister Martin Riman said
there is merely an economic slowdown in the Czech Republic and
talking about a crisis was nonsense.
Hospodarske Noviny, page 17
EMISSIONS TRADING: The Czech Republic is considering
auctioning excess CO2 emission allowances in a special tender
and CEZ <> is interested in buying them, the paper
reports citing unnamed sources.
Hospodarske Noviny, page 18
CZECHS WITHDRAW MONEY FROM FUNDS: Czechs have pulled out 8.4
billion crowns ($452.6 million) from mutual funds in October and
19.6 billion from the beginning of the year. They have collected
9.6 billion from money market funds between Sept 30 and Oct 17.
Mlada fronta Dnes, page B4
MORTGAGE VOLUMES TO FALL: Czechs will borrow up to 120
billion crowns in mortgages this year, down from 142 billion a
year ago, Regional Development Minister Jiri Cunek said.
E15, page 11
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
E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
