Yesterday, the main PX Index closed almost flat as CEZ and (426 CZK, -4,12%) erased gains in banking sector. Komercni banka jumped over 3% ahead its 2Q08 results. Both banks were positively influenced by SocGen quarterly numbers and unbelievable rally up to 10% over the day. lost in-line with global coal prices than has been declining over the last week. The most of the volume on (1 077 CZK, 1,41%) went through early in the session.
Czech market should open higher today, all stocks should be positively affected by the US rally and FED comments that they see inflation pressure easing. Most beaten stocks like CEZ and should recover but the biggest focus will be on financial sector as Komercni banka reports its 2Q08 results today at 10:00CET.