June 2, 2017 / 6:11 AM / 4 months ago

Czech Republic - Factors To Watch on June 2

    PRAGUE, June 2 (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==========================
    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===================================
        
    BUDGET: The Czech central state budget showed an 18.71
billion crown ($797.73 million) deficit at the end of May,
falling from a surplus a year ago mainly due to a sharp drop in
the inflow of EU subsidies, Finance Ministry data showed on
Thursday.
    The first deficit since December 2015 compares with a 22.4
billion surplus a year ago, when the country was receiving big
refunds from the European Union covering investment projects
from the previous budget period of 2007-2013.
    Story:              Related stories:                  
    
    EURO: The Czech Republic should not adopt the euro because
it would "bring nothing good," former finance minister Andrej
Babis, the front-runner for October's general election, said in
an interview published on Thursday.
    Story:              Related stories:                  
    
    CEE FX POLL: Gains by most central European currencies in
May only the Czech crown with room to rise in the next 12
months, and the Romanian leu may recover, a monthly Reuters
survey of 35 analysts showed on Thursday.
    Story:              Related stories:                    
    
    CEE MARKETS: The forint strengthened on Thursday after
Hungary's Purchasing Managers' Index (PMI) jumped to a record
high in May, underpinning that strong manufacturing growth
continues in Central Europe.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  26.322     27.018    2.58       2.54
 vs Dollar                23.455     24.998    6.17       8.55
 Czech Equities        1,006.08   1,006.08     0.37       9.17
 U.S. Equities        21,144.18  21,008.65     0.65       6.99
 Pvs close or current levels vs prior domestic close at 1500 GMT
            
=========================PRESS DIGEST=======================
    CEZ: Energy group Czech Coal's owner Pavel Tykac said the
company would not try again to make a bid for CEZ's          
Pocerady coal-fired power plant before a sell option for CEZ
comes in 2019. CEZ's supervisory board rejected last month a
Czech Coal offer and Tykac said it would not make sense for
another bid.
    Hospodarske Noviny, page 12; pvs story:             
    
    O2: A roaming outage on Tuesday and Wednesday for O2 Czech
Republic           customers was not due to a hacker attack but
a software glitch in infrastructure operator Cetin's network.
    Pravo, page 15
           
  (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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 (Reporting by Prague Newsroom)
  

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