Ranní komentář 11.10. - růst

  We can see a stronger opening today as many investors believe the market is oversold. PX50 closed yesterday a bit higher by 0.91% @ 410.6 driven up mainly by international investors targeting CT and CEZ.

INDUSTRIAL OUTPUT
AUG 02 JULY 02 AUG 01 JAN-AUG 02 real pct change y/y
-2.8  10.8   3.0   4.3
industrial sales
-5.1  12.2   5.3   2.3

* POLITICS: Vaclav Klaus, the Civic Democratic Party (ODS) leader announced he would not run for the chairmainship.

* CURRENCY - Despite widely expected, the Czech National Bank didn't lower its key interest rates on its regular Thursday meeting. (Hn)

* MACRO - PPI data for Sept. are due today @ 9 am CET. Mkt.Exp. (B) Last

PPI Industrial (MoM - Sep) 0.1% -0.1%
PPI Industrial (YoY - Sep) -0.8% -0.9%