Czech Republic - Factors To Watch On Sept 1
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................. Previous stories on Czech data............. **For a schedule of corporate and economic events: website =========================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. website 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.
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. 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".
CEZ: Bulgaria's competition regulator has re-opened an in-depth inquiry into Czech utility CEZ's planned 335 million euro ($399 million) sale of its Bulgarian assets to insurance and financial group Eurohold , it said on Monday. 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.
RESULTS: Pegas Nonwovens maintains 2020 ebitda significa outlook at 1.25-1.40 billion crowns 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.
========================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. website JOBS: Almost three fifths of Czechs, or 72%, fear growing unemployment in the next two years, according to a CVVM survey.
website 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. website (Reuters has not verified the stories, nor does it vouch for their accuracy.) Prague Newsroom: +420 234 721 617 E-mail: firstname.lastname@example.org (Reporting by Prague Newsroom)