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Czech Republic – Factors To Watch on Aug 4

PRAGUE, Aug 4 – 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: =========================NEWS/EVENTS============================ JOBS: The Czech jobless rate rose to 3.8% in July, a 10th of a percentage point higher than in the previous month, data released by the Labour Ministry showed on Monday. CORONAVIRUS CASES: Czech testing labs found 210 new cases of infection by the new coronavirus on Monday the Health Ministry said, for a total of 17,008 cases. The number of daily cases returned above the level of 200 after an easing on Sunday (102). Among total cases, 11,708 have recovered and there were 386 deaths reported in connection with the illness. The number of active cases stood at 4,914. BUDGET: The Czech central state budget showed a 205.1 billion crowns ($9.14 billion) deficit at the end of July, Finance Ministry data showed on Monday. PMI: Polish manufacturing recovered in July after a coronavirus lockdown was eased, a survey showed on Monday, but Hungary posted a more modest improvement and the Czech Republic did not return to growth, suggesting the region still faces challenges. KB: Komercni Banka reported second quarter profit below market estimates as provisioning grew. CEE MARKETS: Most Central European stock indices firmed while currencies eased on Monday as fresh PMI data from the region indicated a modest recovery from the effects of coronavirus-induced lockdown measures. EUROPE POWER: Prompt power prices fell in the European wholesale market on Monday as German wind power supply was forecast rise slightly, while week-ahead prices jumped on a higher demand forecast. ======================PRESS DIGEST============================= JOB MARKET: Among the self-employed, 60% or more than half a million felt negative impact of the coronavirus pandemic, a survey by the Czech Statistical Office showed. Majority saw the impact as temporary, however 28% of the enterpreneurs said that the crisis could not be overcome even with some government support program. Among employees, 43% felt coronavirus impact. (Reuters has not verified the stories, nor does it vouch for their accuracy.) Prague Newsroom: +420 234 721 617 E-mail: [email protected] (Reporting by Prague Newsroom)

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