Czech Republic - Factors To Watch on Sept 16

                                
 PRAGUE, Sept 16 (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 ========================
                                
 July retail sales 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 Czech currency.............................[CZK/]
==========================EVENTS===============================
                                
 BRNO - 50th International Engineering Fair 
========================= TOP NEWS ============================
                                
 PM RESISTS CALLS FOR EURO ADOPTION: Czech Prime Minister
Mirek Topolanek resisted pressure on Monday to set a target date
for euro adoption from industry leaders squeezed by a strong
crown currency and the global downturn.
                                
 Story: [ID:nLG669056] Related news: [RTRS-LEN-CZ-EUR]
                                
 
                                
 FINMIN SCRAPS BOND AUCTION: Volatile markets prompted the
Czech Finance Ministry to scrap a bond sale planned for this
week and scale back issuance throughout the fourth quarter, the
ministry said on Monday.
                                
 Story: [ID:nLG148383] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 DEFECTION WEAKENS GOVT: A deputy for the ruling Czech
centre-right party defected on Monday, weakening a government
which already lacks a reliable parliamentary majority ahead of
key policy votes and the country's EU presidency.
                                
 Story: [ID:nLG408003] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 SANOFI SEEKS TO EXTEND OFFER FOR ZENTIVA: Sanofi-Aventis
<SASY.PA> has asked the Czech central bank (CNB) to allow an
extension of its $1.7 billion offer for generics maker Zentiva
<ZNTVsp.PR> even though the Czech company's management has
rejected the bid.    
                                
 Story:[ID:nLF122765] Related news: [RTRS-LEN-CZ-MRG]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,236.8  1,290.8   -4.18        -31.86
 vs Euro     <EURCZK=>  24.075   24.203   +0.53        +10.07
 vs Dollar      <CZK=>  16.884   17.043   +1.00         +7.67
 U.S. Equities  <.DJI>  10,918   11,422   -4.42        -17.70
 Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST===========================
                                
 BOARD MEMBER ON CROWN: The Czech central bank reacts to the
development of the crown exchange rate only to such a degree to
which exchange rate shocks influence meeting the bank's
inflation target, board member Vladimir Tomsik said. It is
impossible to react to exchange rate fluctuations by
automatically raising or cutting rates, he added.
                                
 Hospodarske Noviny, page 18
                                
 
                                
 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 Jana Mlcochova)