• Czech National Bank board decide to increase interest rates by 25bps. Prime 2week repo rate rose to 3.25%. Bank board voted 4:3 for higher interest rates.
• Strategic alliance of CEZ and Hungarian (26 750 HUF, -1,82%) is result of agreement of Czech and Hungarian governments, according to Hospodarske noviny daily. Governments are following strategy of securing energy market against dominance of Russian capital. In case of it is also a question of protection against (45 EUR, 1,11%) takeover.
• (82 EUR, 0,86%) Transgas is going to increase natural gas prices as of October in average by 4.8%. Retailers are going to pay by 5.2% more while medium sized customers by 5.5%.
• US GDP rose by 4% in the 2Q07 which is in line with expectations. In addition, GDP deflator and personal consumption deflator (PCE) are also in line with estimates.
• Polish GDP in the 2Q07 rose above expectations, by 6.7% y/y while market expected 6% growth.