Prague shares TFN at a glance outlook

PRAGUE (Thomson Financial) - Shares are expected to open higher following overnight gains in US markets.

Yesterday, the main PX index closed 0.78 pct up at 1,903.3 points. FORTHCOMING EVENTS Today -Cabinet to discuss conversion of Prague Airport into a joint stock company ahead of privatisation (12.00 GMT) -Czech central bank (CNB) to release October forex reserves (0900 GMT) -Auction of 10-year government bonds Tomorrow -Oct CPI (0800 GMT) -Sept industrial and construction output (0800 GMT) -Oct unemployment data (0800 GMT) -Komercni Banka to release Q3 results TODAY'S PRESS -CEZ's potential buy of power group TGK-4 valued at 16 bln crowns (MF Dnes) -Three banks are bidding for UniCredit's Czech building and loan bank Hypo (Hospodarske Noviny) COMPANY/MACROECONOMIC NEWS -Zentiva price target cut to 1,060 crowns from 1,420 crowns at ING, 'hold' maintained -CSA airline nine-month pretax profit 563 mln crowns vs 323 mln crown loss -Anti-monopoly office may re-impose 240 mln crown fine against RWE Transgas +420 222 191 108 jm1/jrr COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.

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