Czech market closed flat with some of the shares drifting lower the end of the trading. Investors decided to take profits in Komercni banka and Erste, while Orco rallied sharply towed its life time record levels. We saw descent activity among market makers but genuine flows were rather low. Today, we expect market to trade in negative territory as raise in US 10 year yields suggests US rate hike, a negative outlook for emerging market assets. Yesterdays moves on the global markets also suggest negative direction for today’s trading.