CZECH-FACTORS/:Czech Republic – Factors To Watch on Sept 12

| Sep 12, 2017, 11:35 IST

PRAGUE, Sept 12 (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……………….. Summary of economic data and forecasts……….. Recently released economic data……………… Previous stories on Czech data…………. **For a schedule of corporate and economic events: =========================NEWS=================================== BUDGET: Czech public sector wages will rise by at least 10 percent from Nov. 1, Prime Minister Bohuslav Sobotka said on Monday as the country gears up for parliamentary elections next month. Story: Related stories: INFLATION: Czech consumer prices dipped by 0.1 percent on a monthly basis in August, putting the year-on-year inflation rate at 2.5 percent, in line with market expectations, statistics office data showed on Monday. Story: Related stories: ** For central bank comment: Story: Related stories: CEE MARKETS: Central European currencies were steady on Monday, with the Czech crown unmoved by August inflation data, which was in line with analysts’ expectations and stayed above the central bank’s target. Story: Related stories: ———————- MARKET SNAPSHOT ———————— Index/Crown Currency Latest Prev Pct change Pct change close on day in 2017 vs Euro 26.087 26.087 0 3.41 vs Dollar 21.803 21.763 -0.18 14.99 Czech Equities 1,023.43 1,023.43 0.23 11.05 U.S. Equities 22,057.37 21,797.79 1.19 11.61 Pvs close or current levels vs prior domestic close at 1500 GMT ========================PRESS DIGEST======================== BUDGET: Finance Minister Ivan Pilny, economists and business leaders criticised the 2018 draft budget plan for being ‘political’ before an October parliamentary election. The head of the Industry Confederation, Jaroslav Hanak, said it was ill-conceived, political and does not have a long-term source of guaranteed revenue. Hospodarske Noviny, page 1 LOTTERY: Sazka Group, co-owned by Czech investors Karel Komarek and Jiri Smejc, won antitrust approval in Austria to raise its stake in Austrian betting group Casinos Austria to 34 percent. Hospodarske Noviny, page 12 ONLINE: Retailer Lidl began testing its online store, offering consumer goods – not food – to its employees and plans to launch it to customers in the coming weeks. Hospodarske Noviny, page 12 RENEWABLES: The state will pay 26.2 billion crowns next year to support renewable energy, unchanged from this year. Mlada Fronta Dnes, 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 E-mail: (Reporting by Prague Newsroom)

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