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.

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