Optimism on Iraq drove the equity markets up in the morning

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Investiční bankovnictví KB

      Trading on equity markets is influenced by situation in Iraq. Coalition forces are operating in Baghdad, investors are betting on quick end of the war, which has positive impact on sectors, which were expected to be hardest hit by the conflict.

      

       Domestic shares went up by 1.3% to 1,281.4 points in the morning. Erste Bank increased by 2.5% above CZK 2,200. Komercni banka and telecommunications titles also move higher. CEZ was slightly down in the morning.

      

       European shares are also driven higher by optimism stemming from the situation in Iraq. Insurers, airlines, tourism companies and other sector led the charge. Munich Re, Lufthansa and TUI are among the best performing stocks.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.