Czech Republic - Factors To Watch on Sept 1

Philip Morris CR as

01/09/2020 07:26

PRAGUE, Sept 1 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday.
                  
    ALL TIMES GMT (Czech Republic: GMT + 2 hours)        
     
=========================ECONOMIC DATA==========================
    Real-time economic data releases................. ECONALLCZ 
    Previous stories on Czech data............. CZ-RTRS-LEN-ECI 
  **For a schedule of corporate and economic events: 
    http://emea1.apps.cp.thomsonreuters.com/Apps/CountryWeb/#/2E/events-overview
    
=========================NEWS/EVENTS============================
    DATA: Details of second-quarter GDP data (0700 GMT) and the
Markit Purchasing Managers' Index (PMI) (0730 GMT) to be
published. The Finance Ministry will release August budget data
(1200 GMT).
    
    SCHOOL STARTS: Students return for the first day of school.
    
    CORONAVIRUS CASES: Czech testing labs found 257 new cases of
infections by the new coronavirus on Monday, the lowest since
Aug. 23, the Health Ministry said, for a total of 24,618 cases.
    Among total cases, 17,807 have recovered and there were 424
deaths reported in connection with the illness. The number of
active cases was 6,387.
    https://onemocneni-aktualne.mzcr.cz/covid-19
    
    TRAVEL: Hungary decided to let tourists from its three East
European neighbours, Poland, the Czech Republic and Slovakia
enter the country with a fresh negative coronavirus test, it
said late on Monday, just as a lockdown on its borders took
effect.
     urn:newsml:reuters.com:*:nL8N2FY0S7
    
    TAIWAN: The head of the Czech Senate declared himself to be
Taiwanese in a speech at Taiwan's parliament on Tuesday,
channelling late U.S. President John F. Kennedy's defiance of
Communism in Berlin in 1963, in remarks likely to further rile
Beijing.
     urn:newsml:reuters.com:*:nL4N2FY19Z
    
    CHINA: Czech Senate speaker Milos Vystrcil will "pay a heavy
price" for making an official trip to Taiwan, the Chinese
government's top diplomat said on Monday, prompting Prague to
summon China's ambassador to explain comments it said "crossed
the line".
     urn:newsml:reuters.com:*:nL4N2FX0DY
    
    CEZ: Bulgaria's competition regulator has re-opened an
in-depth inquiry into Czech utility CEZ's  CEZP.PR  planned 335
million euro ($399 million) sale of its Bulgarian assets to
insurance and financial group Eurohold  4EH.BB , it said on
Monday.
     urn:newsml:reuters.com:*:nL8N2FX2A4
    
    BONDS: The proportion of non-residents holding Czech state
domestic bonds edged up slightly to 35.73% in July from 35.35%
in June, the first monthly rise since the share began falling
from above 40% amid the coronavirus crisis, Finance Ministry
data showed on Monday.
     urn:newsml:reuters.com:*:nS8N2DE0AF
    
    RESULTS: Pegas Nonwovens maintains 2020 EBITDA outlook at
1.25-1.40 billion crowns
     urn:newsml:reuters.com:*:nL1N2FX03P
    
    CEE MARKETS: Central European currencies were mixed, while
stocks opened higher on Monday tracking Asian and European
shares which rose on Chinese data that fuelled hopes for
economic recovery despite rising coronavirus infections in the
world.
     urn:newsml:reuters.com:*:nL8N2FX1XS
   
========================PRESS DIGEST==========================
    TOBACCO: Finance Minister Alena Schillerova said she was
considering increasing the tax on heated tobacco to 75% of the
tax on cigarettes from 50% from next year. That would raise
3.5-4 billion crowns for the budget.
    Pravo, page 1
    
    MORTGAGES: New mortgage volume reached 19.2 billion crowns
in July, up 2% from June and a 40% year-on-year rise.
    https://archiv.ihned.cz/c1-66809240-kratke-zpravy-z-domova-ze-sveta-a-z-byznysu
    
    JOBS: Almost three fifths of Czechs, or 72%, fear growing
unemployment in the next two years, according to a CVVM survey.
    https://archiv.ihned.cz/c1-66809240-kratke-zpravy-z-domova-ze-sveta-a-z-byznysu
    
    CONVENTIONS: Revenue in the events and convention sector
could fall to 53-77 billion crowns this year, from original
expectations of 197-261 billion, a study by Economic Impact for
CzechTourism and the Czech Events Association found.
    https://archiv.ihned.cz/c1-66809410-kongresy-a-veletrhy-letos-prijdou-o-desitky-miliard-cele-odvetvi-chce-pomoc-od-statu
    
    (Reuters has not verified the stories, nor does it vouch for
their accuracy.)
       
    Prague Newsroom: +420 234 721 617
    E-mail: prague.newsroom@thomsonreuters.com


 (Reporting by Prague Newsroom)
 ((prague.newsroom@thomsonreuters.com
+420 234 721 617))