PRAGUE, Oct 31 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday.
ALL TIMES GMT (Czech Republic: GMT + 1 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 - The lower house of parliament to continue a
session.
Related news: []
PRAGUE - August money supply data at 0900 GMT.
Related news: []
PARIS, France - Czech Prime Minister Mirek Topolanek to meet
French President Nicolas Sarkozy.
Related news: []
========================= TOP NEWS ============================
DOUBTS ABOUT EURO: Poland's President Lech Kaczynski
abandoned a surprising pro-euro stance he took in the wake of
the financial crisis that hit central Europe, saying on Thursday
that the single currency would hurt family incomes.
Story: [] Related news: []
UBS SAYS SHORT CROWN: Bank UBS recommended on Thursday for
investors to go long euro against the Czech crown through one
year forwards due to what it said was too much appreciation in
light of the global slowdown.
Story: [] Related news: []
C.BANKER: NOT RIGHT TIME FOR EURO: The Czech Republic should
not set a euro entry date amid the current financial crisis
while it remains useful to retain the national crown currency,
central bank Governor Zdenek Tuma said.
Story: [] Related news: []
TWO C.BANKERS TO MISS MTG: Two Czech central bank board
members will miss the Nov. 6 monetary policy meeting, the bank
said.
Story: [] Related news: []
FINMIN CUTS GROWTH FCAST: The Czech Finance Ministry
released the following quarterly update on Thursday of its
macroeconomic forecasts for 2008-2009.
Story: [] Related news: []
SENATE DELAYS RADAR VOTE: The upper house of the Czech
parliament delayed vote on hosting a U.S. missile defence base
in the Czech Republic until December, heeding opposition calls
that the decision should be taken by a new make-up of the
chamber following a recent election.
Story: [] Related news: []
CROWN DIPS: The Czech crown <EURCZK=> slipped 1.9 percent
lower against the euro on Thursday in what dealers said was a
reaction to the euro slipping back against the dollar and
comments from the central bank hesitant about ERM-2 entry.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
vs Euro <EURCZK=> 24.430 24.550 +0.49 +8.47
vs Dollar <CZK=> 19.207 18.900 -1.48 -5.28
U.S. Equities <> 09,181 08,991 +2.11 -30.79
Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST ===========================
CEZ BUYBACK: Czech power group CEZ <> is not
expected to launch a share buyback earlier than in December due
to administrative steps linked to cancelling shares bought in a
previous buyback.
E15, page 15
ERSTE: A capital injection of the Austrian government for
lender Erste Bank <ERST.VI> <> is purely an insurance
aimed at preserving confidence of the Austrian public, Czech
central bank Vice-Governor Mojimir Hampl said.
Hospodarske Noviny, page 17
CZECH MONEY MARKET: The situation on the Czech money market
is getting worse with three month Pribor rate 59 basis points
higher than in mid September and rising further, and a ten year
government bond yield up by 80 basis point over the past month,
analyst David Marek of Patria Finance said.
HYUNDAI PRODUCTION: Hyundai Motor's <005380.KS> Czech plant
will start production on November 3.
Hospodarske Noviny, page 21
LAYOFFS: Czech car producers and their suppliers estimate
that they will have to sack some 10,000 workers in the first
half of 2009 of total 130,000 people employed in the industry.
Mlada fronta Dnes, page 1; Hospodarske Noviny, page 17
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on
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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>
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News editor of the day: Jan Lopatka on +420 224 190 474;
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E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
