December 14, 2016 / 7:23 AM / 7 months ago

Czech Republic - Factors To Watch on Dec 14

5 Min Read

PRAGUE, Dec 14 (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 + 1 hours)         
=========================ECONOMIC DATA==========================
    Real-time economic data releases.................... 
    Summary of economic data and forecasts........... 
    Recently released economic data.................. 
    Previous stories on Czech data............. 
  **For a schedule of corporate and economic events: 
    here#/2E/events-overview
==========================NEWS==================================
 
    INVESTMENTS: The Czech Republic expects Chinese investment
to gather pace as firms that have been buying up existing
companies seek to expand their operations in the central
European country, said the head of the state agency overseeing
foreign investment.    
    Story: Related stories: 
    
    UNIPETROL: Refining group Unipetrol has extended a
delivery contract with parent group PKN for Tatnetft crude.
    Story: Related stories: 

    SKODA: Volkswagen's Skoda Auto said November deliveries grew
by 9.6 percent year-on-year to 97,500 cars.
    Story: Related stories: 
    
    BEER: Asahi Group Holdings will buy a group of
eastern European beer brands from Anheuser-Busch InBev 
for 7.3 billion euros ($7.8 billion), boosting its new presence
in the region in the largest overseas beer deal by a Japanese
brewer.
    AB InBev agreed to sell brands including Pilsner Urquell
from the Czech Republic, Poland's Tyskie and Lech, Hungary's
Dreher and Romania's Ursus to ease clearance from competition
regulators for its $100 billion takeover of SABMiller, finalised
in October.
    Story: Related stories: 
    
    CEE MARKETS: Central European government bonds rebounded on
Tuesday as crude oil prices offered relief to debt markets,
although Romanian bonds remained under pressure after leftists
won a parliamentary election on the weekend.
    Story: Related stories: 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2016
 vs Euro        27.019     26.997  -0.08       -0.08
 vs Dollar         25.351     25.41    0.23       -1.97
 Czech Equities    911.09     911.09    0.63       -4.73
 U.S. Equities 19,911.21  19,796.43    0.58       14.27
 Pvs close or current levels vs prior domestic close at 1600 GMT
======================PRESS DIGEST==============================
    M&A: The Czech M&A market is seeing a record year, the
newspaper said. First-half deals rose 75 percent to 119.5
billion crowns  ($4.72 billion), according to EY research.
Almost three quarters of deals involved Czech investors, up from
half a year ago.
    Hospodarske Noviny, page 20
    
    JOBS: Analysts from bank CSOB analysed around 60,000 of the
136,000 job vacancies in the country found that most are low
paid and will be hard to fill without foreign workers, for
example from Ukraine.
    The labour office says employers are mostly looking for
production assistants, drivers, construction workers, cooks or
security guards.
    Czech unemployment is at an eight-year low and is the lowest
in the European Union.
    Hospodarske Noviny, page 5
    
    WAGES: Prime Minister Bohuslav Sobotka supports higher pay
for Czech Post workers, whose unions have called a 2-hour strike
next week. 
    Sobotka had earlier this month also urged one of the
country's largest retail firms, the Dutch-based Ahold,
to raise wages as income gaps with western Europe increasingly
become a political issue. 
    Lidove Noviny, page 12
    
    MORTGAGES: Ceska Sporitelna, one of the country's biggest
lenders, will raise mortgage rates by 0.4 percentage points from
January.
    Hospodarske Noviny, page 12
    
    TOURIST HOUSING: The number of tourists living in private
accommodation or using services like Airbnb rose around 40
percent in the first nine months of the year to 2.2 million,
according to CzechTourism agency research.
    
    (Reuters has not verified the stories nor does it vouch for
their accuracy.)  
          
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20  Budapest BUX Prague PX 
 For updates on CEE currencies                       
 TOP NEWS -- Emerging markets                    
 
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($1 = 25.3390 Czech crowns)

 (Reporting by Prague Newsroom)

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