Czech Republic - Factors To Watch on May 12

                                
 PRAGUE, May 12 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

=========================ECONOMIC DATA=========================
                                
 Q1 gross domestic product estimate data at 0700 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 CEE currencies............................[CEE/]
 
============================EVENTS============================
                                
 PRAGUE - 5-year government bond auction <CZ1002737=>.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 PRAGUE - Telecoms operator Telefonica O2 Czech Republic
<SPTTsp.PR>, a unit of Spain's Telefonica <TEF.MC>, should
release first quarter results.
                                
 A Reuters poll expected the group to post a 13.5 percent
drop in first-quarter net profit on lower consumer spending and
regulatory restrictions.
                                
 Related news: [RTRS-LEN-CZ-TEL]
                                
 
==========================TOP NEWS============================
                                
 CEE MARKETS: The Czech crown outperformed central European
peers on Tuesday as investors looked mostly for intra-region
trades after volumes fell due to large Greece-related swings in
global sentiment. 
                                
 Story: [ID:nLDE64A0JD] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEZ OUTLOOK KEPT: Czech power group CEZ <CEZPsp.PR> stuck
with its 2010 outlook for a 10 percent drop in net profit on
Tuesday after reporting slightly better-than expected
first-quarter results.
                                
 Story: [ID:nLDE6491VK] Related news: [RTRS-LEN-CZ-ENR]
                                
 
                                
 ELECTION: A new Czech party that may be the kingmaker after
May 28-29 election will keep its door open to both centre-right
and centre-left parties when the next cabinet is being formed,
its chief said.
                                
 Story: [ID:nLDE64A0YW] Related news: [RTRS-LEN-CZ-POL]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2010
 Czech Equities <.PX>    --      1207.1    -2.08        8.04
 vs Euro    <EURCZK=>  25.532    25.47     -0.24        2.99
 vs Dollar     <CZK=>  20.196    20.076    -0.6        -9.9
 U.S. Equities <.DJI>  10748.26  10785.14  -0.34        3.07
 Pvs close or current levels vs prior domestic close at 1500 GMT

==========================PRESS DIGEST========================
                                
 PENSION FUNDS: Profit at members of the Pension Funds
Association rose 22 percent year-on-year to 1.14 billion crowns
($56.72 million) in the first quarter. The amount of assets
under management rose to 203.6 billion.
                                
 Hospodarske Noviny, page 25
                                
 
                                
 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>

                                
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