Czech Equities Fall From 3-Week High After U.S. Employment Data

The Czech Republic’s main stock index fell, erasing earlier gains after U.S. reports showed employers in the world’s largest economy added fewer jobs than forecast in November and the unemployment rate unexpectedly increased.

The PX gauge retreated 0.7 percent, led lower by lenders Erste Group Bank AG and Komercni Banka AS, after advancing as much as 0.7 percent before the U.S. data. The index rose 1.5 percent yesterday to its highest close in more than three weeks.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.