Erste Group Rebounds From Four-Month Low as Spain Concern Eases
Erste Group Bank AG (RBAG) rebounded from a four-month low as Spanish unemployment and bond yields fell, easing concern the euro area’s financial crisis will spread.
The stock jumped 1.9 percent to 362.8 koruna by 2:15 p.m. in Prague, snapping a 5.8 decline in the previous three sessions to the lowest price since Jan. 18. The PX (PX) equity index, in which Austria’s Erste has an 18 percent weighting, rose 0.6 percent.
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