The Czech market gained 0.56% on Friday in what had been quiet and uninspiring trading session. Erste bank strengthened on the back of a London broker’s report, while CME soared over 4% on a US arbitrage gap. Philip Morris only slightly recovered from Thursday’s sharp sell-off. For today we expect marginal moves in local names as we lack any major domestic catalysts.
Foreign trade (September) – Patria estimates CZK 7bn; Reuter’s poll median value CZK 7.4bn.