Bloomberg News

Erste Group Leads Czech Stocks Higher Before German, U.S. Data

March 13, 2012

Erste Group Bank AG (RBAG) of Austria led Czech stocks higher before data forecast to show improving business confidence in Germany and the fastest U.S. retail sales growth in five months.

The stock rose 1.4 percent to 451.9 koruna by 9:45 a.m. in Prague, after a 4.1 percent drop yesterday. The PX (PX) equity gauge, where Erste has a 21 percent weighting, added 0.5 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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