Erste Falls Seventh Day, Leads Czech Shares Toward Two-Month Low

Erste Group Bank AG (EBS) declined for a seventh day, leading Czech shares toward a two-month low, after Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery isn’t assured and France’s economy grew less than expected.

The Austrian lender fell 1.9 percent to 440 koruna by 1:07 p.m. in Prague, paring its rally this year to 27 percent. The 14-member PX (PX) gauge, where Erste has a 19 percent weighting, slid 0.6 percent to 984.6, poised for its lowest close since Feb. 1.

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

Press spacebar to pause and continue. Press esc to stop.

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.