May 12, 2017 / 6:13 AM / 2 months ago

Czech Republic - Factors To Watch on May 12

5 Min Read

    PRAGUE, May 12 (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===================================
        
    GOVERNMENT: Czech President Milos Zeman said on Thursday he
would turn to the Constitutional Court to decide whether he must
dismiss Finance Minister Andrej Babis as requested by Prime
Minister Bohuslav Sobotka.    
    Story:              Related stories:                  
    
    CEE BANKS: A falling stock of bad loans has brightened the
outlook for banks operating in emerging Europe, a report from
the Vienna Initiative said on Thursday, adding that the funding
pullback seen after 2008 was likely at an end.
    Story:              Related stories:                     

    SLOVAK ENERGY: Slovakia wants greater control of strategic
companies, starting with plans for an energy industry holding
company to house all shares the state owns in key energy
companies and possibly to buy new ones, Economy Minister Peter
Ziga said on Thursday.
    Story:              Related stories:                     
    
    KOFOLA: Kofola Ceskoslovensko            said its
first-quarter revenue dropped 8.4 percent year-on-year to 1.344
billion crowns ($54.99 million).
    Story:              Related stories:                   
    
    COURT: A Czech court adjourned a hearing on Thursday in an
extradition tug of war over Russian citizen Yevgeniy Nikulin,
whom the United States want to try for hacking social networks
including LinkedIn and whom Russia accuses of a minor cyber
theft.
    Story:              Related stories:                  
    
    MONETA: Czech lender Moneta Money Bank            is
committed to paying high dividends to work off excess capital
but an extraordinary interim payout looks unlikely this year,
its chief executive said on Thursday after the bank raised its
2017 profit outlook.
    Story:              Related stories:                   
    
    CEZ: Czech electricity producer CEZ           on Thursday
firmed up its net profit forecast for 2017, getting nearly the
full amount that had been expected from severing ties with
Hungarian group MOL          .
    Story:              Related stories:                   
    
    CSOB: KBC's          Czech bank CSOB said Q1 net profit rose
42 percent to CZK 4.7 billion ($192.07 million).
    Story:              Related stories:                   
        
    SKODA: Czech carmaker Skoda Auto, a unit of Volkswagen
            said April deliveries reached 97,300, above a record
April result of 97,200 seen in 2016.
    Story:              Related stories:                   
    
    CEE MARKETS: Stocks hit a nine-year high in Bucharest and a
20-month high in Prague on Thursday as Central European equities
were buoyed by corporate earnings reports and a major IPO in
Romania.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  26.575     26.556    -0.07       1.6
 vs Dollar                24.425     24.454     0.12       4.77
 Czech Equities        1,012.81   1,012.81      0.28       9.9
 U.S. Equities        20,919.42  20,943.11     -0.11       5.85
 Pvs close or current levels vs prior domestic close at 1500 GMT
  
 
========================PRESS DIGEST============================
    TOURISM: The number of guests staying in hotels,
bed&breakfasts or camps rose by 11 percent in the first quarter
to 3.6 million, the statistics office said.
    E15, page 6
    
  (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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