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===================================
CENBANK: A Czech interest rate hike again this year is realistic, partly due to the unexpected fast rise in wages, the central bank’s monetary department director Tomas Holub was quoted as saying on Friday.
Story: Related stories: J&T: Czech financial group J&T said the European Central Bank had approved China’s CEFC raising its stake in J&T Finance Group to 50 percent.
Story: Related stories: WAGES: Czech labour unions should demand 8 to 10 percent wage hikes for private sector workers in 2018 – a bigger raise than in the past – as the economy is soaring, the head of the main trade union group said on Thursday.
Story: Related stories: SKODA: VW’s Skoda Auto said August deliveries were up 6.7 percent year/year.
Story: Related stories: * For interview with Skoda’s CEO: CEE MARKETS: The forint retained its weakening bias on Thursday, on growing market expectations that the Hungarian central bank could loosen monetary conditions further at its meeting next week in the absence of significant inflationary pressures.
Story: Related stories: ———————- MARKET SNAPSHOT ———————— Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2017 vs Euro 26.061 26.098 0.14 3.5 vs Dollar 21.877 21.942 0.3 14.7 Czech Equities 1,043.34 1,043.34 -0.09 13.21 U.S. Equities 22,203.48 22,158.18 0.2 12.35 Pvs close or current levels vs prior domestic close at 1500 GMT
BOURSE: The head of the Prague Stock Exchange, Petr Koblic, said the trend of ‘family office’ funds buying out listed firms and taking them private was the biggest threat to the country’s capital markets.
He said he wrote the commentary piece in response to R2G’s planned buyout of Prague-listed artificial textile maker Pegas Nonwovens . He said portfolio funds were losing places in which to invest.
Hospodarske Noviny, page 10
(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
(Reporting by Prague Newsroom)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.