The PX-50 index dropped 0.91% as Prague followed the global markets southwards. Erste Bank and Komercni were hit by considerable supply form abroad – the Erste sell off may be related to the upcoming IPO of its rival Raiffeisen International and Komercni dropped on the Central Bankers’ comment that they still see room for further rate cuts. Cesky Telecom continues to trade with massive volumes though no fresh privatization / buyout news has been released. For today we expect weaker markets again, while banking shares may get back to the spotlight on currency and interest rate outlook news.