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Komercni Banka Leads Czech Stocks Up Before U.S. Payrolls Data

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March 7 (Bloomberg) -- Komercni Banka AS, a unit of Societe Generale SA, led Czech stocks higher as investors awaited a private report that may show American payrolls increased.

The stock climbed for a second day, rising 1.8 percent to 3,720 koruna by 10:40 a.m. in Prague. The 14-member PX index, where Komercni has a 17 percent weighting, added 0.6 percent. Austria’s Erste Group Bank AG climbed 1 percent to 453.8 koruna.

Banks were among the biggest gainers in Europe today before data from the ADP Employer Services which may show companies in the world’s largest economy added 215,000 workers in February, compared with 170,000 in January, according to a Bloomberg News survey of economists.

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

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