March 10, 2017 / 7:33 AM / 4 months ago

Czech Republic - Factors To Watch on March 10

5 Min Read

    PRAGUE, March 10 (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 + 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==================================
        
    PRESIDENT: Czech President Milos Zeman told supporters on
Thursday he would seek a second term in 2018, ending speculation
over whether he would run again.
    Zeman, who has pushed for better ties with Russia and backed
Donald Trump in the U.S. vote last year, announced his decision
at an annual party at Prague Castle to celebrate the anniversary
of his election in 2013, two participants who asked not to be
named told Reuters.
    Story:              Related stories:                  
    
    CENBANK ON INFLATION: The Czech central bank said on
Thursday that February inflation data, which came out above its
forecast, posed a slightly pro-inflationary risk to its outlook
for the remainder of 2017.
    Story:              Related stories:                  

    INFLATION: Czech inflation accelerated to a rate of 2.5
percent year-on-year in February, above market and central bank
expectations and the highest since end-2012, adding to belief
the bank may remove its brake on crown strength in the second
quarter.
    Story:              Related stories:                  

    CEE MARKETS: The Czech crown exchange rate implied in
six-month forward contracts eased to a two-month low on
Thursday, even as stronger-than-expected February inflation fed
expectations that the central bank would soon abandon its cap on
the currency.
    "We have seen some unwinding of speculative positions
because of fear that the trade is overcrowded and thus spoiled,"
one Prague-based trader said.
    "Speculators were a bit frightened by the size of buying
from the side of central bank and they became more aware of the
missing counterparty problem," the trader added.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  27.019     26.983   -0.13      -0.04
 vs Dollar                25.498     25.803    1.18       0.58
 Czech Equities          974.01     974.01     0.18       5.69
 U.S. Equities        20,858.19  20,855.73     0.01       5.54
 Pvs close or current levels vs prior domestic close at 1600 GMT
        
=========================PRESS DIGEST========================
    CETIN: Developer Central Group bought the former Czech
Telecom building in Prague from CETIN, the telecoms
infrastructure company of the richest Czech businessman Petr
Kellner. The newspaper said it paid 600-800 million euros for
the property.
    E15, page 6
    
    TELECOMS: The head of the anti-monopoly regulator, Petr
Rafaj, said a fourth operator could improve the mobile market
and that his office was not in a position to take action against
any of the three operators because none had a dominant market
position.
    Operators O2 Czech Republic          , T-Mobile           
and Vodafone         have been criticised by politicians who say
Czechs pay some of the highest mobile and data prices in Europe.
    Pravo, page 15; previous story:             
    
    (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

 (Reporting by Prague Newsroom)
  

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