July 4, 2018 / 6:02 AM / 5 months ago

Czech Republic - Factors To Watch on July 4

    PRAGUE, July 4 (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....................        
    Summary of economic data and forecasts...........           
    Recently released economic data..................           
    Previous stories on Czech data.............                 
  **For a schedule of corporate and economic events: 
    here
    
============================NEWS/EVENTS=========================
    RETAIL: The statistics office will release May retail sales
data at 9:00 a.m. local time (0700 GMT).
    
    HOLIDAYS: Czech banks and markets will be closed on Thursday
and Friday for state holidays.
    
    CROWN: The Czech crown fell to a near 11-month low against
the euro on Tuesday, succumbing to selling pressure in emerging
markets less than a week after a central bank interest rate
hike.
                
    
    SLOVAKIA: The Slovak central bank announced on Tuesday the
countercyclical capital buffer for commercial banks will rise to
1.50 percent from Aug. 1, 2019, the second such increase aimed
at cooling fast credit growth.
                
    
    CEE MARKETS: The forint jumped on Tuesday on speculation
Hungary's central bank (NBH) could design a plan to stabilise
the currency after it hit record lows against the euro in recent
days.
                
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2018
 vs Euro                  26.106     25.541    -2.21     -2.27
 vs Dollar                22.356     21.704    -3        -5.07
 Czech Equities        1,076.02   1,076.02      0.52     -0.2
 U.S. Equities        24,174.82  24,307.18     -0.54     -2.2
 Pvs close or current levels vs prior domestic close at 1500 GMT
    
============================PRESS DIGEST========================
   
    TELECOMS: Vodafone         Chief Executive Vittorio Colao
said in Prague last week during a visit data in the country was
expensive due to the dominance of the other two operators:
T-Mobile            and O2 Czech Republic          .
    Colao said the state should try to level the playing field
rather than seeking a fourth operator to cut prices. He was also
critical of proposed conditions for a 5G frequencies auction
taking place next year.
    Hospodarske Noviny, page 1
    
    ENERGY: CEZ           board member Ladislav Stepanek said
that coal as an energy source would end around 2050 and that it
made sense to use it until then.
    He said investments of 10 billion crowns over the next five
years are needed to meet stricter emissions requirements after
2021.
    Mlada Fronta Dnes, page 8

  
    (Reuters has not verified the stories, nor does it vouch for
their accuracy.)
        
    Prague Newsroom: +420 224 190 477
    E-mail: prague.newsroom@thomsonreuters.com

 (Reporting by Prague Newsroom)
  
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