Czech Republic - Factors To Watch on July 9

                                
 PRAGUE, July 9 (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 + 2 hours)

=========================ECONOMIC DATA=========================
                                
 May industrial and construction data at 0700 GMT.
                                
 First harvest estimate at 0700 GMT.
                                
 June foreign exchange reserves data at 0800 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/]
                                
 
 ==========================TOP NEWS============================
                                
 NEW CBANK GOVERNOR SEES STABLE RATES: Czech interest rates
will likely stay at record lows for longer than earlier assumed
and European austerity measures will probably not hit the
economy too hard, central bank Governor Miroslav Singer said on
Thursday.
                                
 Story: [ID:nPRA005131] Related news: [RTRS-LEN-CZ-INT]
                                
 
                                
 CEE FX GAIN ON RISK: Emerging Europe's currencies extended a
positive week on Thursday after improving risk appetite, fuelled
by gains in global shares, prompted investors to seek riskier
assets.
                                
 Story: [ID:nLDE6660I0] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 SPOT POWER PRICES UP: Czech spot prices jumped more than 6
percent on Thursday as higher temperatures continued to hit the
region and wind generation was expected to remain low.
                                
Story: [ID:nLDE6661SI] Related news: [RTRS-LEN-CZ-DRV]

 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2010
 Czech Equities <.PX>  1140,8    1140,8    2,09       2,1
vs Euro   <EURCZK=>    25,388    25,395    0,03       3,53
vs Dollar    <CZK=>    19,993     20,026   0,16      -8,79
 U.S. Equities <.DJI>  10138,99  10018,28  1,2       -2,77
 Pvs close or current levels vs prior domestic close at 1500 GMT
=========================PRESS DIGEST==========================
                                
 BUDGET CUTS: Parties likely to form the next Czech
government have agreed on 11 billion crowns ($549.2 million) in
additional cuts, including reductions in social fees, cancelling
social benefits for the poorest, and extending the period over
which an employer pays a sickness leave for an employee.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 COALITION WORKING: The three rightist and centrist parties
building a coalition government are set to agree that any
significant proposal related to budget, foreign affairs, and
defence, must be approved by at least half of ministers from
each party. The plan is aimed to make it impossible to outvote
one party by the other two.
                                
 Hospodarske Noviny, page 4
                                
 
                                
 MONETARY POLICY: Czech central banker Eva Zamrazilova said a
model framework for monetary policy decision-making should
include an analysis of monetary aggregates. Targeting only CPI,
which does not include real estate prices, proved to be
insufficient in the crisis, she said.
                                
 Hospodarske Noviny, page 10
                                
 
                                
 CAR SALES: Sales of passenger cars and light utility
vehicles rose by 3 percent year on year in the first half of the
year to 94,929.
                                
 Pravo, page 17
                                
 
                                
 FOREIGN INVESTMENT: Foreign investment inflow in the Czech
Republic rose by 17.3 billion crowns in the first half of the
year to 53.3 billion, industry ministry data showed.
                                
 Hospodarske Noviny, page 22
                                
 
                                
 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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