Prague index retreats from fresh high, currencies stall



PRAGUE, April 20 (Reuters) - Central Europe's currencies moved sideways on Tuesday, struggling to capitalise on a drop in the U.S. dollar as the region continued to cool after the past month's gains, while the Prague bourse's hot streak also fizzled.

Prague's PX index .PX retreated midday after climbing to its highest since January 2020 in early trade, pulled down by a correction in MONETA Money Bank MONET.PR shares.

Among gainers, antivirus software group Avast AVST.PR AVST.L led, with shares rising over 2% after solid first-quarter earnings led it to confirm a 2021 revenue growth outlook at the upper end of its 6-8% range.

The London-listed group also led the FTSE.

On currency markets, Hungary's forint EURHUF= was steady at 361.0 to the euro and the Polish zloty EURPLN= sat at 4.551, both still showing signs of a correction seen recently.

"With the dovish position of the MPC, which does not indicate a possibility of interest rate hikes, further appreciation of the zloty may be limited," PKO BP said in a note.

"We assume that the EUR/PLN will remain in the 4.55-4.57 range in the near future."

Elsewhere, Romania's leu EURRON= was down less than 0.1% a day after an auction in which the finance ministry sold more than expected.

The Czech crown EURCZK= edged up 0.1% to 25.905 per euro, steady amid a row with Russia after Prague voiced suspicions that Russian intelligence had been involved in explosions at an ammunition depot in 2014. Moscow said the allegations were absurd.

The row is the biggest between Prague and Moscow since the end of Soviet domination of eastern Europe in 1989.

Utility CEZ's CEZP.PR shares held near highs last seen in 2015 after the Czech government said on Monday it would not invite Rosatom to take part in security assessments before a planned tender for a new unit at CEZ's Dukovany nuclear power plant.

That effectively rules Russia out of the deal.

"Given the way the contracts with the state are set and 100% financing by the state, the course of the tender should not have a major impact on the company itself," J&T Banka analysts said.

CEE

SNAPSHOT AT

MARKETS

1050

CET

CURRENC

IES

Latest

Previou Daily

Change

s

bid

close

change in 2021 EURCZK Czech

<EURCZK 25.9050 25.9390 +0.13% +1.25% =

crown

=>

EURHUF Hungary <EURHUF 361.0000 360.915 -0.02% +0.48% =

forint

=>

0

EURPLN Polish

<EURPLN

4.5512 4.5521 +0.02% +0.18% =

zloty

=>

EURRON Romanian <EURRON

4.9285 4.9257 -0.06% -1.29% =

leu

=>

EURHRK Croatian <EURHRK

7.5690 7.5725 +0.05% -0.28% =

kuna

=>

EURRSD Serbian <EURRSD 117.4500 117.550 +0.09% +0.10% =

dinar

=>

0

Note:

calcula

1800

daily

ted

CET

change

from

STOCKS

Latest

Previou Daily

Change

s

close

change in 2021 .PX

Prague

.PX

1106.15 1108.01 -0.17% +7.69%

00

.BUX

Budapest .BUX

42089.01 42388.0 -0.71% -0.04%

9

.WIG20 Warsaw

<.WIG20 1997.67 1998.99 -0.07% +0.69%

>

.BETI Buchares .BETI 11111.79 11103.9 +0.07% +13.32

t

6

% .SBITO Ljubljan <.SBITO 1049.96 1049.66 +0.03% +16.55 P

a

P>

% .CRBEX Zagreb

<.CRBEX 1878.36 1881.75 -0.18% +8.00%

>

.BELEX Belgrade <.BELEX

770.13 768.60 +0.20% +2.87% 15

15>

.SOFIX Sofia

<.SOFIX

521.55 520.57 +0.19% +16.54

>

%

BONDS

Yield

Yield

Spread Daily

(bid)

change vs Bund change

in

Czech

spread

Republic

CZ2YT=

2-year <CZ2YT=

0.6900 0.0410 +137bp

+4bps RR

RR>

s CZ5YT=

5-year <CZ5YT=

1.4000 -0.0470 +198bp

-5bps RR

RR>

s CZ10YT

<CZ10YT

1.8230 -0.0440 +205bp

-5bps =RR

10-year =RR>

s

Poland

PL2YT=

2-year <PL2YT=

0.1150 0.0080 +079bp

+1bps RR

RR>

s PL5YT=

5-year <PL5YT=

0.8290 0.0010 +141bp

+0bps RR

RR>

s PL10YT

<PL10YT

1.5280 0.0140 +175bp

+0bps =RR

10-year =RR>

s

FRA

3x6

6x9

9x12

3M

interba

nk

Czech

<CZKFRA

0.42

0.62

0.89

0.36

Rep

><PRIBO

R=>

Hungary <HUFFRA

0.96

1.11

1.24

0.79

><BUBOR

=>

Poland

<PLNFRA

0.24

0.27

0.38

0.21

><WIBOR

=>

Note: FRA quotes

are for ask

prices

************************************

**************************


Reporting by Jason Hovet in Prague, Alan Charlish in Warsaw, and Anita Komuves in Budapest; Editing by Jan Harvey

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