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Czech Republic - Factors To Watch on April 6
April 6, 2017 / 6:55 AM / 8 months ago

Czech Republic - Factors To Watch on April 6

    PRAGUE, April 6 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday.
    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: 
    CROWN: The cost of hedging for volatility in the Czech crown
against the euro over the next 24 hours jumped to its highest in
more than nine months on Wednesday, on speculation the country's
central bank would imminently remove the cap on its currency.
    Story:              Related stories:                  

    CARS: Czech new car registrations rose 14.2 percent
year-on-year in the first quarter to 68,059 vehicles, the
country's Car Importers' Association said on Wednesday.
    Story:              Related stories:                   
    EXTRADITION: Prosecutors in Prague on Wednesday cleared the
way for a court hearing on whether a Russian accused of hacking
LinkedIn Corp should be extradited.
    Story:              Related stories:                  
    HUNGARY UTILITY: RWE is considering selling its majority
stake in Hungary's second-biggest power plant and related
lignite mines, as the German utility reviews its struggling
generation assets across Europe.
    Story:              Related stories:                     
    CEE MARKETS: The kuna fell on Wednesday due to uncertainty
over the debt of Croatia's biggest private firm, Agrokor, while
other Central European currencies firmed after the Polish and
Romanian central bank kept interest rates on hold.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  27.021     27.018    -0.01     -0.05
 vs Dollar                25.31      24.998    -1.25      1.32
 Czech Equities          980.78     980.78     -0.03      6.42
 U.S. Equities        20,648.15  20,689.24     -0.2       4.48
 Pvs close or current levels vs prior domestic close at 1500 GMT
=======================PRESS DIGEST============================
    OIL: Oil pipeline operator Mero wants to increase exports
through the TAL pipeline from Italy to safeguard against
disruptions along the Druzhba pipeline from the east, the paper
said. The head of TAL told the newspaper capacity existed but it
would be up to shareholders. 
    Mero owns 5 percent of TAL, which hooks up with the IKL
pipeline in Germany before heading to the Czech Republic.
    Pravo, page 19
    OKD: The cabinet approved a plan for state company Prisko to
submit an 80 million crown bid for insolvent miner OKD. Before
the vote, U.S. company Alcentra sent a letter to Prime Minister
Bohuslav Sobotka that it had offered to buy OKD for 540 million
and threatened arbitration.
    Pravo, page 4; previous story:             
    AIRPORT: Prague Airport wants to invest 27 billion crowns
over the coming years to increase capacity, Finance Minister
Andrej Babis said.
    Hospodarske Noviny, page 7
  (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

($1 = 25.3250 Czech crowns)

 (Reporting by Prague Newsroom)

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