Ranní komentář 15.07.-

  We expect the market to trade lower today, however possible rate cut could turn the trend.

CEZ: (1) After Industry and Trade Minister also PM Vladimir Spidla said it did not want to privatize CEZ.

(2) The company increased its electricity exports by 8% y-o-y in 1H02 to 7.3TWh.

CESKY TELECOM: The company today issues the first tranche of 4 yrs 4.55% bonds worth CZK 3bn.

MACRO: Monetary Base for June (10:00 a.m. CET)


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