PRAGUE, June 17 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday:
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 CEE currencies.............................[]
=========================EVENTS=================================
PRAGUE - The lower house of parliament to continue a
session, to debate excise tax amendment.
Related news: []
PRAGUE - The Czech cabinet to hold an extraordinary session.
Related news: []
PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
Related news: []
PRAGUE - April current account balance data at 0800 GMT.
Related news: []
PRAGUE - Power firm CEZ <> to hold a news
conference with CEO Martin Roman and trade director Alan Svoboda
at 0900 GMT.
Related news: []
PRAGUE - 3-year government bond auction <CZ1002505=>.
Related news: []
=========================TOP NEWS===============================
CZECH TROOPS: The lower house of the Czech parliament agreed
on Tuesday to keep soldiers in Afghanistan and Kosovo next year,
avoiding the repetition of a tussle that had threatened a forced
withdrawal this year.
Story: [] Related news: []
GDP TO SHOW WORST DROP: The Czech economy will contract at
the fastest pace this year since the country's foundation in
1993 but should return to growth next year, helped by a recovery
in the euro zone, a Reuters poll showed on Tuesday.
Story: [] Related news: []
FX FIRMER: Central European currencies gained on Tuesday on
the back of a weaker dollar, but stuck within ranges from
previous sessions as growing expectations of further rate cuts
in the region subdued gains.
Story: [] Related news: []
STRESS TESTS: Czech central bank stress tests show the
banking system would withstand shocks in all projected
scenarios, although some institutions may suffer losses and
require a capital hike, the bank said.
Story: [] Related news: []
INTEREST RATES: Czech central bank board member Robert
Holman said on Tuesday he may vote for a rate cut at the bank's
June 25 meeting although he in general prefers rate stability.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities <> 0,000.0 0,932.3 +0.00 n/a
vs Euro <EURCZK=> 26.750 26.440 -1.16 -0.93
vs Dollar <CZK=> 19.229 18.319 -4.70 -5.48
U.S. Equities <> 08,505 08,612 -1.25 -35.89
Pvs close or current levels vs prior domestic close at 1500
=========================PRESS DIGEST===========================
PUBLIC FINANCES: A debate of euro adoption is out of
question due to high deficits, Finance Minister Eduard Janota
said. He also said he wanted to complete the privatisation of
Czech Airlines (CSA) but only if the offered price was
appropriate. He said the cabinet had no plans to propose that
CEZ <> pays a super dividend.
Hospodarske Noviny, page 16
FUNDS: Falling interest rates make Czechs return to stock,
bond and money market funds which offer higher yields than
various deposits. Net redemption from Czech funds shrank to 228
million Czech crowns ($11.84 million) in May from 784.7 million
in April. In January Czechs withdrew 3.6 billion from funds.
Hospodarske Noviny, page 23
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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 +420 224 190 474;
fax: +420 224 229 935
E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
