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Czech Republic - Factors To Watch on Sept 6
September 6, 2017 / 6:28 AM / 3 months ago

Czech Republic - Factors To Watch on Sept 6

    PRAGUE, Sept 6 (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#/2E/events-overview
    
=========================NEWS===================================
            
    WAGES: Czech wages rose at their fastest pace in a decade in
the second quarter as the economy powered ahead and a labour
shortage became more acute, adding weight to the central bank's
case for hiking interest rates last month and in future.
    Story:              Related stories:                    
    
    RATES: The Czech central bank does not need to rush with the
next interest rate hike following strong economic data and can
wait for the next quarterly update of its forecasts due in early
November before deciding what to do next, Governor Jiri Rusnok
said on Tuesday.
    Story:              Related stories:                    
    
    CHURCH: Flush with cash and land it received in compensation
for the seizure of its property under Communism, the Roman
Catholic church in the Czech Republic is looking to the forestry
industry as it looks to ensure its long-term financial future.
    Story:              Related stories:                    
    
    CEE MARKETS: The Czech crown weakened slightly on Tuesday
after comments by the central bank chief cooled expectations of
a rapid rise in interest rates following the highest wage growth
figures in a decade. 
    Story:              Related stories:                    
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  26.09      26.099    0.03       3.4
 vs Dollar                21.891     22.028    0.62      14.65
 Czech Equities        1,025.36   1,025.36    -0.08      11.26
 U.S. Equities        21,753.31  21,987.56    -1.07      10.07
 Pvs close or current levels vs prior domestic close at 1500 GMT
        
========================PRESS DIGEST========================
    ELECTIONS: If the ANO party led by the prospective Prime
Minister Andrej Babis fulfilled all its election promises, 115
billion crowns ($5.25 billion) or 2.5 percent of the country's
gross domestic product (GDP) would go missing from the state
budget income every year. 
    Social Democrats would cut the income by 120 billion
annualy, TOP09 by 110 billion and Civic Democrats by 80 billion,
the paper calculated.
    Hospodarske Noviny, page 1
  (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                               
 
    Prague Newsroom: +420 224 190 477
    E-mail: prague.newsroom@thomsonreuters.com

($1 = 21.8910 Czech crowns)

 (Reporting by Prague Newsroom)
  

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