EMERGING EUROPE STOCKS - Factors to Watch July 9
WARSAW, July 9 (Reuters) - Here are news stories, press reports and events to watch which may affect Central/Eastern Europe's financial markets on Wednesday.
UNIPETROL
Czech refiner Unipetrol's (UNPEsp.PR: Quote, Profile, Research) full year net profit should reach 3.8 billion Czech ($252.7 million), Chief Executive Francois Vleugels was quoted as saying Hospodarske Noviny. He added the company does not expect further write-offs or outages.
POLISH SUPERMARKETS
Polish constitutional tribunal overruled a law restricting construction of large supermarkets, which made it difficult for companies such as Britain's Tesco (TSCO.L: Quote, Profile, Research) to expand in the European Union's largest ex-communist member, writes Dziennik.
TPSA
Merrill Lynch cuts its target price for Poland's top telecoms group TPSA TPSA.WA to 27.60 zlotys from 28.70 zlotys and maintains its "buy" recommendation. [nL09549799]
ROMPETROL
Romania's second largest oil firm Rompetrol Group NV ROMP.BX plans to invest $80 million by 2012 to raise environment standards at its Petromidia plant.
BANCA TRANSILVANIA
Romanian bank Banca Transilvania BATR.BX said its profit rose 40 percent on the year to 111.4 million lei ($41.3 million) in the first half of 2008, daily Ziarul Financiar reports.
EUROPEAN MARKETS
European stock index futures pointed to a higher start on Wednesday, tracking a bounce in global stocks as investors took heart from U.S. Federal Reserve chairman saying further lifelines may be available for banks.
For the latest news on European markets, double click [.EU]
WALL STREET
U.S. stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the chairman of the Federal Reserve said he may keep open a lifeline for financial firms.
For latest Wall Street news, double click [.N]
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