Czech Republic - Factors To Watch on Aug 3

                                
 PRAGUE, Aug 3 (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.............[CZ-RTRS-LEN-ECI]
                                
 Overview of economic data and forecasts..........<CZ/ECON15>
                                
 Updates on CEE currencies............................[CEE/]
                                
 
=========================MORNING NEWS===========================
                                
 2011 BUDGET: Czech Finance Minister Miroslav Kalousek has
submitted to the cabinet a draft 2011 central state budget with
larger spending cuts to meet a 135 billion crown ($7.14 billion)
deficit target, a newspaper reported on Tuesday.
                                
 Story: [ID:nLDE67205C] Related news: [RTRS-LEN-CZ-GVD]
 
=========================TOP NEWS===============================
                                
 CEE MARKETS: A firmer euro and rising stocks boosted central
European currencies on Monday, lifting the Polish zloty
<EURPLN=> to 12-week highs against the euro, while the Czech
crown <EURCZK=> revisited a 20-month peak.
                                
 Story: [ID:nLDE67109R]  Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 BUDGET DROPS 2ND MONTH: The Czech central state budget gap
dipped to 69.01 billion crowns ($3.65 billion) at the end of
July and fell for the second straight month, the Finance
Ministry said on Monday.
                                
 Story: [ID:nLDE6710WS] Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 BUDGET CAUTION: The Czech Republic's budget results for
July, released on Monday, show the government was right to put
part of its planned spending on hold this year despite a drop in
the year-to-date deficit, the Finance Ministry said. 
                                
 Story: [ID:nLDE6711BS]  Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 CEE PMIs: Polish and Czech industry slowed their expansion
in July more sharply than analysts had expected, failing to get
as much of an export boost as stronger data from the
neighbouring euro zone had suggested.
                                
 Story: [ID:nLDE6710BB] Related news: [RTRS-LEN-CZ-MCE]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2010
 vs Euro    <EURCZK=>     24.677     24.642    -0.14       6.24
 vs Dollar     <CZK=>     18.755     18.693    -0.33      -2.06
 Czech Equities <.PX>  1,190.3    1,190.3       1.34       6.53
 U.S. Equities <.DJI> 10,674.38  10,465.94      1.99       2.36
 Pvs close or current levels vs prior domestic close at 1500 GMT
                                
 
=========================PRESS DIGEST==========================
                                
 ROAD WORK: The largest highway construction firms in the
Czech Republic do not looking willing to renegotiate lower
prices in road work, as proposed by new Transport Minister Vit
Barta as a way to save for the budget, the paper reported.
                                
 Mlada Fronta Dnes, page A5

                                
 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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