May 11, 2017 / 6:53 AM / 4 months ago

Czech Republic - Factors To Watch on May 11

    PRAGUE, May 11 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday.
           
    ALL TIMES GMT (Czech Republic: GMT + 2 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===================================
        
    CEZ: Czech electricity producer CEZ CEZP.PR firmed up its
adjusted net profit forecast for 2017 at 17 billion Czech crowns
($697 million) on Thursday after its first-quarter net profit
beat market expectations.
    Story:              Related stories:                   
    
    MONETA: Moneta Money Bank            said it was targeting
to deliver consolidated profit after tax of at least CZK 3.5
billion in 2017, up from a previous target of at least CZK 3.4
billion
    Story:              Related stories:                   

    FORTUNA: Fortuna Entertainment Group           said total
amounts staked in Q1 increased by 20.1 percent to EUR 302.2
million while EBITDA fell 36.3 percent to EUR 3.0 million.
    Story:              Related stories:                   
    
    PEGAS: Pegas Nonwovens           said first-quarter net
profit rose to EUR 3.7 million 
    Story:              Related stories:                   
    
    GOVERNMENT: All three parties in the Czech ruling coalition
want to keep the cabinet afloat until an October election, party
officials said on Wednesday, despite a row over the fate of
Finance Minister Andrej Babis that has rocked the government.
    President Milos Zeman met leaders from all the three parties
on Wednesday evening, before leaving for a week-long trip to
China on Thursday, but the meeting brought no breakthrough.
    Story:              Related stories:                  
    
    INFLATION:  Czech inflation fell back to the central bank's
target of an annual rate of 2.0 percent in April as growth in
fuel and food prices slowed, less than a month after
policymakers ended their policy of keeping the crown weak.
    Story:              Related stories:                  
 ** TEXT of central bank statement on data: [
    
    TELECOMS: Czech telecoms regulator CTU said seven groups
show interest in auction for 3.7 GHz frequencies
    Story:              Related stories:                  
    
    CEE MARKETS: The Czech crown reversed some early
strengthening and Hungarian government bonds firmed on Wednesday
after the two countries released lower-than-anticipated
inflation figures for April.
    Story:              Related stories:                    
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  26.544     26.626    0.31       1.71
 vs Dollar                24.396     24.458    0.25       4.88
 Czech Equities        1,010.02   1,010.02    -0.09       9.59
 U.S. Equities        20,943.11  20,975.78    -0.16       5.97
 Pvs close or current levels vs prior domestic close at 1500 GMT
========================PRESS DIGEST============================
    OPERATORS: Mobile operators are improving their data offers
to customers as Prime Minister Bohuslav Sobotka's social
democrats are pushing through a bill in parliament which would
open the Czech market to more competition.
    Hospodarske Noviny, page 5
    
    FOOTBALL: Owners of Czech top-division football clubs are
looking for a new chairman of the Football Association after the
current chief, Miroslav Pelta, ended in custody over alleged
fixing of state subsidies worth tens of millions of crowns.
    Hospodarske Noviny, page 4
    
  (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                             
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