The PX-50 index declined 0.96% to 360.6 points in a very quiet session with a below-average volume of USD 5.29 mil. Overall intra-day activity mirrored developments on the major European bourses; locally there was no news which would impact upon local stock trading. For today, we might see a slight technical rebound led by a positive open on US futures today; however, major markets await the release of the US NAPM figure at 16:00 CET today, which could reveal more about the state of the US economy and provide a signal to markets, including ours.
(Milan Prochazka)