Trhy střední a východní Evropy – česká inflace udržuje korunu stabilní, forint slabý

    PRAGUE, April 13 (Reuters) - Central Europe's currencies
retreated on Tuesday, with markets taking a breather after
recent gains, although the Czech crown held steady and again
tested the psychologicial level of 26 per euro after an
inflation pick-up.
    With markets pausing and turning attention to U.S. inflation
data for some clues on the dollar's direction, the Hungarian
forint retreated from a two-month high, falling 0.4%. Poland's
zloty dropped 0.65%, also from a multi-week high. 
    Elsewhere, stock markets mostly gained with Czech utility
CEZ hitting its highest since mid-2015 following a
rally in Polish utilities on Monday.
    Markets are betting the Czech central bank will be the first
in central Europe to undo some of the massive loosening
undertaken a year ago when the COVID-19 pandemic first struck.
Markets price in a first rate hike in six months.
    Analysts said inflation data from March, showing a pick-up
to a headline rate of 2.3% backed chances of a hike in the
second half of the year.
    The crown was flat at 26.032 to the euro by 0910
GMT. It has broken the 26 level twice this year.
    In Hungary, the forint dropped to 358.52, which a
trader called a "healthy correction" after steady gains in the
past weeks moving it away from near historic lows seen in March.
    Currencies in central Europe - one of the worst-hit regions
in the world by the pandemic in the past few months - are
struggling to return to the firming path that analysts forecast
them to take as economies start to recover. 
    The pandemic is still weighing on the region and U.S. dollar
strength has also sapped some appetite for riskier assets.
    On stock markets on Tuesday, Prague and Budapest
 tracked a rise of global stocks.
    CEZ hit 600 crowns a share for the first time since July
2015, boosted by higher wholesale power prices, expectations of
an extraordinary dividend and tracking a jump in Polish peers.

    Polish utilities soared on Monday on a report of an upcoming
curve-out of their coal assets.
                   CEE      SNAPSHO   AT                      
                   MARKETS  T        1110              
                            Latest   Previou  Daily    Change
                            bid      close    change   in 2021
 EURCZK  Czech     <EURCZK  26.0320  26.0310   -0.00%   +0.76%
 =       crown     =>                                  
 EURHUF  Hungary   <EURHUF  358.520  357.135   -0.39%   +1.17%
 =       forint    =>             0        0           
 EURPLN  Polish    <EURPLN   4.5650   4.5354   -0.65%   -0.13%
 =       zloty     =>                                  
 EURRON  Romanian  <EURRON   4.9215   4.9207   -0.02%   -1.15%
 =       leu       =>                                  
 EURHRK  Croatian  <EURHRK   7.5649   7.5665   +0.02%   -0.23%
 =       kuna      =>                                  
 EURRSD  Serbian   <EURRSD  117.450  117.550   +0.09%   +0.10%
 =       dinar     =>             0        0           
         Note:     calcula                    1800            
         daily     ted                        CET      
         change    from STOCKS                                     
                            Latest   Previou  Daily    Change
                                     close    change   in 2021
 .PX     Prague             1107.43  1096.47   +1.00%   +7.82%
 .BUX    Budapest           43478.3  43267.2   +0.49%   +3.26%
                                  3        5           
 .WIG20  Warsaw    <.WIG20  1981.37  1982.58   -0.06%   -0.13%
 .BETI   Buchares           11209.5  11224.0   -0.13%   +14.32
         t                        3        8                 %
 .SBITO  Ljubljan  <.SBITO  1024.82  1018.90   +0.58%   +13.76
 P       a         P>                                        %
 .CRBEX  Zagreb    <.CRBEX  1882.76  1882.17   +0.03%   +8.25%
 .BELEX  Belgrade  <.BELEX   758.97   756.13   +0.38%   +1.38%
 15                15>                                 
 .SOFIX  Sofia     <.SOFIX   507.30   507.86   -0.11%   +13.36
                   >                                         %
                            Yield    Yield    Spread   Daily
                            (bid)    change   vs Bund  change
         Czech                                         spread
 CZ2YT=    2-year  <CZ2YT=   0.6740  -0.0070   +138bp    +0bps
 RR                RR>                              s  
 CZ5YT=    5-year  <CZ5YT=   1.4470  -0.0670   +207bp    -7bps
 RR                RR>                              s  
 CZ10YT            <CZ10YT   1.8910  -0.0420   +217bp    -5bps
 =RR     10-year   =RR>                             s  
 PL2YT=    2-year  <PL2YT=   0.0910  -0.0200   +080bp    -2bps
 RR                RR>                              s  
 PL5YT=    5-year  <PL5YT=   0.8190  -0.0390   +144bp    -4bps
 RR                RR>                              s  
 PL10YT            <PL10YT   1.5250  -0.0250   +181bp    -4bps
 =RR     10-year   =RR>                             s  
                            3x6      6x9      9x12     3M
         Czech     <CZKFRA     0.46     0.65     0.91     0.36
         Rep       ><PRIBO                             
         Hungary   <HUFFRA     0.99     1.21     1.41     0.79
         Poland    <PLNFRA     0.27     0.30     0.35     0.21
         Note: FRA quotes                                     
         are for ask                                   

 (Reporting by Jason Hovet in Prague and Anita Komuves in
Budapest; Editing by Krishna Chandra Eluri)

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