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Czech Republic – Factors To Watch on Aug 5

PRAGUE, Aug 5 – Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday. 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============================ RETAIL: Statistics office to publish latest retail sales data (0700 GMT). CORONAVIRUS: The Czech Republic reported on Wednesday its biggest daily jump in new coronavirus cases since the end of June as a recent uptick in infections stays elevated. CORONAVIRUS CASES: Czech testing labs found 290 new cases of infection by the new coronavirus on Tuesday the Health Ministry said, for a total of 17,286 cases. Among total cases, 11,812 have recovered and there were 383 deaths reported in connection with the illness. The number of active cases stood at 5,091. SLOVAKIA: A Slovak court has postponed verdicts in the trial of a businessman and others charged with killing an investigative journalist in 2018, a case that shocked the nation and reshaped its political landscape. CENTRAL BANK: The Czech National Bank is likely to keep interest rates in a holding pattern at just above zero this year and next as it helps the economy recover from a record recession while dealing with stubborn inflation, a Reuters poll showed on Tuesday. MONETA Money Bank CEO, risk officer acquire company shares CEE MARKETS: The Polish zloty and the Czech crown led Central European currency gains on Tuesday, mirroring the euro’s firming against the dollar, while shrugging off a spike in new coronavirus infections in the region’s biggest economy. EUROPE POWER: European spot electricity prices fell on Tuesday on forecasts for a sharp increase in renewable power output in Germany. ======================PRESS DIGEST============================= BUDGET PROMISES: Financial daily Hospodarske Noviny calculated state promises either approved, discussed or mentioned by officials, including tax changes, could cost the 2021 budget 140 billion crowns ($6.33 billion). (Reuters has not verified the stories, nor does it vouch for their accuracy.) Prague Newsroom: +420 234 721 617 E-mail: [email protected] ($1 = 22.1210 Czech crowns) (Reporting by Prague Newsroom)

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