Czech Republic - Factors To Watch on Nov 7

                                
 PRAGUE, Nov 7 (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 ========================
                                
 October foreign exchange reserves data at 0900 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 Czech currency.............................[CZK/]
=========================== EVENTS =============================
                                
 PRAGUE - Grain harvest estimate.
                                
 Related news: [RTRS-LEN-CZ-GRA]
                                
 
                                
 PRAGUE - Komercni Banka <BKOMsp.PR> to release nine-month
results. Presentation with CEO Laurent Goutard, CFO Pavel Cejka
and board member Didier Colin at 0830 GMT. Conference call at
1500 GMT.
                                
 Related news: [RTRS-LEN-CZ-BNK]
                                
 
========================== TOP NEWS ============================
                                
 CZECH C.BANK SLASHES RATES: The Czech central bank slashed
interest rates by 75 basis points on Thursday, much more than
expected, as the global financial crisis hit the central
European country's growth and inflation outlooks.
                                
 Story: [ID:nL6239772] Related news: [RTRS-LEN-CZ-INT]
                                
 
                                
 CZECHS SLASH RATE, HUNGARIANS BOOST BANKS: The Czechs joined
Europe's major central banks by slashing interest rates on
Thursday and Hungary unveiled a $3 billion plan to shore up
banks in an effort to ease the grip of the economic crisis on
ex-communist Europe.
                                
 Story: [ID:nL688888] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 CEE CURRENCIES SLIDE ON RATE CUTS: The Czech crown slid on
Thursday after the country's central bank cut rates by its
biggest amount in six years, dragging Poland's zloty with it as
European banks also slashed borrowing costs.
                                
 Story: [ID:nL6209602] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 UPCOMING EU PRESIDENTS AGAINST MORE REGULATION: Leaders of
the Czech Republic and Sweden, countries that will hold the
rotating European Union presidency next year, said on Thursday
they were against fresh regulatory measures that may stifle the
financial market.
                                
 Story: [ID:nL6165193] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 CENTRAL BANK TO RELEASE FX FORECAST: The Czech central bank
(CNB) will start releasing nominal foreign exchange rate
forecast as of next year, the bank said on Thursday.
                                
 Story: [ID:nL6680366] Related news: [RTRS-LEN-CZ-CEN]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 vs Euro     <EURCZK=>  24.500   24.425   -0.31         +8.16
 vs Dollar      <CZK=>  19.020   18.877   -0.53         -4.26
 U.S. Equities  <.DJI>  09,139   09,625   -5.05        -31.10
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ===========================
                                
 CSOB SHOWS DROP IN NET PROFIT: The country's largest bank
CSOB, a unit of KBC <KBC.BR>, showed a 63 percent drop in net
profit to 2.78 billion crowns ($144.1 million) in the first nine
months of this year after a 6.2 billion writedown.
                                
 Mlada Fronta Dnes, page B2
                                
 
                                
 CZECH T-MOBILE REVENUES UP: T-Mobile's Czech unit raised
revenues 4.5 percent in the first nine months of this year to
24.8 billion crowns.
                                
 E15, page 9
                                
 
                                
 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>

                                
 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 Jason Hovet)