PRAGUE, June 4 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday.              ALL TIMES GMT (Czech Republic: GMT + 1 hours)          =========================ECONOMIC DATA========================     Q1/14 gross domestic product data at 0700 GMT.     Real-time economic data releases................... 
  ECONCZ
        Previous stories on Czech data............ 
  CZ-RTRS-LEN-ECI
        Overview of economic data and forecasts......... 
  CZ/ECON15
        Updates on CEE currencies........................... 
  CEE/
   ===========================EVENTS==============================         PRAGUE - The Czech cabinet to hold a session (
  www.vlada.cz/en/default.htm
 ). News conference to follow.     Related news:  
  RTRS-LEN-CZ-POL
            PRAGUE - First auction round of VAR/20  
  CZ1004113=
   and  VAR/27  
  CZ1004105=
   government bonds.     Related news:  
  RTRS-LEN-CZ-DBT
       ===========================NEWS================================         CEE MARKETS: Shares of OTP Bank  
  OTPB.BU
   led stocks lower in Budapest on Tuesday after Hungary's top court ruled against it in a lawsuit that could lead to losses for the country's heavily taxed banks.     Story:  
  ID:nL6N0OK2AX
   Related news:  
  RTRS-LEN-CEEU-FRX
        CEE POWER: Expectations for stronger wind generation weighed down central European spot power on Tuesday as an unplanned outage and less import capacity helped keep Hungarian prices at a premium, traders said.     Story:  
  ID:nL6N0OK2MU
   Related news:  
  RTRS-LEN-CEEU-NRG
    ---------------------- MARKET SNAPSHOT ------------------------  Index/Crown Currency    Latest     Prev   Pct change Pct change                                     close    on day     in 2014  vs Euro     
  EURCZK=
       27.436     27.415    -0.08      -0.38  vs Dollar      
  CZK=
       20.175     20.103    -0.36      -1.56  Czech Equities  
  .PX
    1,031.63   1,031.63      0.35       4.31  U.S. Equities  
  .DJI
   16,722.34  16,743.63     -0.13       0.88  Pvs close or current levels vs prior domestic close at 1500 GMT ======================PRESS DIGEST============================     DEFENCE: Finance Minister said he supported a gradual increase in defence spending on condition the money is used effectively and operating costs are lowered.      Hospodarske Noviny, page 4         Reuters has not verified the media reports, nor does it  vouch for their accuracy.      For Instant Views of key economic data click on 
  CZ/INSTANT
     For summary of economic data and forecasts      
  CZ/ECON01
     For diary of forthcoming Czech events           
  CZ/DIARY
     For calendar of east European economic indicators   
  CONV/DIARY
    TOP NEWS -- Emerging markets                    
  TOP/EMRG
     TOP NEWS -- Convergence watch                   
  TOP/EAST
       For an economic indicator diary for the euro zone, the United   States and other Group of Seven countries see  
  G7TODAY
       For real-time stock market index quotes click in brackets:   Warsaw WIG20  
  .WIG20
    Budapest BUX  
  .BUX
   Prague PX  
  .PX
          News editor of the day: Jason Hovet on +420 224 190 476     E-mail: prague.newsroom@thomsonreuters.com  ($1 = 20.2113 Czech Korunas)   (Reporting by Prague Newsroom)  ((prague.newsroom@thomsonreuters.com)(+420  224 190 477)(Reuters Messaging: jan.lopatka.thomsonreuters.com@reuters.net))  Keywords: CZECH FACTORS/