Unipetrol responded positively to the September 6 EGM announced yesterday. Philip Morris shrugged off almost 1.7% of its value, but this weakness is attributable to the recent powerfull rally in the stock and it continues to trade in record high territory. The rest of the market moved sideways with no particular news flow. The bias for today remains unchanged; we expect a further move up.
Industrial output for June: Patria 2.5% yoy; market 2.5% yoy; previous 4.0% yoy
PPI for July: Patria est. 2.0% yoy, market 2.0% yoy; previous 2.7% yoy.