PRAGUE, June 24 (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 - The biggest trade union group CMKOS to hold a
one-hour strike against government's fiscal, health and pension
reforms. Trains and work at some large companies will stop.
Non-urgent medical care will be halted for most of Tuesday.
Related news: []
PRAGUE - Green Party deputies meet. Two have threatened to
leave the faction, which would make the government's position in
the lower house more vulnerable (0900).
Related news: []
====================== TOP NEWS ===============================
J&T REJECTS PPF OFFER: Financial group J&T will not accept
PPF Group's offer to sell its stake in Czech generic drugs maker
Zentiva <> for 950 crowns per share, the company said
on Monday.
Story: [] Related news: []
Pvs close or current levels vs prior domestic close at 1500
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities <> 1,551.8 1,559.1 -0.47 -14.51
vs Euro <EURCZK=> 24.080 24.165 +0.35 +10.05
vs Dollar <CZK=> 15.479 15.431 -0.34 +17.35
U.S. Equities <> 11,842 11,843 +0.00 -10.72
Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST ===========================
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
SOCIALISTS LOSE MP: Social Democrat deputy Petr Wolf left
the party caucus on the weekend. This is a boost for the
government which has just 100 out of the 200 seats in the lower
house. Wolf, who will be an independent deputy, supports the
government's plan to host a U.S. missile shield base.
Mlada fronta Dnes, page 1.
PENSION REFORM: The lower house will vote on extending the
retirement age to 65 from about 61 on Wednesday. The cabinet
will consider a plan on Friday to allow creation of new pension
funds that will be allowed to invest into riskier assets.
Mlada fronta Dnes, page B1.
SOCIAL SECURITY: The cabinet will consider a plan on Friday
to cut employees social security payments, part of payroll
taxes, by 1.5 percentage points.
Pravo, page 4
POWER PRICES JUMP: Wholesale electricity prices jumped to a
new high of 81 euros per megawatthour, up 40 percent
year-on-year.
Mlada fronta Dnes, page B3
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 +420 224 190 477;
fax: +420 224 229 935
E-mail: prague.newsroom@reuters.com
(Compiled by Martin Dokoupil)
