Prague stock market recovered and jumped by 1.5%. CEZ and Philip Morris (PM) pulled the PSE up. CEZ added 3.7% after international purchases and limited supply. Price CO2 permissions firmed today on the back of the information that EU will allocate less emission allowances for the period of 2008-13. PM finally gained as we saw foreign accounts interested. Weak USD helps PM’s margins to stay high. Cesky Telecom gained after upgrade to Buy with fair value CZK 608 by Erste. CME posted better than expected 1Q06 results on operating level and sales, due to FX losses is net loss USD 18m. Zentiva dropped despite Hungarian pharmas rally.