The power sector privatization gets complicated, as the prime minister promised to the miners' unions that any new owner of CEZ will have to buy Czech coal for an unspecified period of time (miners talk about five years).
George W.Bush has won the US presidential election and will become the 43. US president. The election was the closest ever and was decided in Florida, where G. W. Bush Jr. won by a slightest of margins.
The Czech koruna dipped marginally to 34.70 CZK/EUR with no apparent reason. Vis-a-vis the dollar, the koruna strengthened to 40.30 CZK/USD.
Czech bonds dipped, the government ten-year bond fell by 35 bps and the five-year by 10 bps. All eyes are on today's inflation numbers, to be published at 9AM.