Koruna Advances For Second Day, Equity Benchmark Firms

EUR/CZK has given away its earlier gains and last operates -0.017 at CZK23.909, hitting new session lows even as EUR/USD is tracking higher. Yesterday's low of CZK23.897 remains the key near-term support.

• CZGB yields remain firmer on the session, with the belly still underperforming. The PX index has climbed ~0.9%, outperforming regional peers WIG20 and BUX, in a positive end to the week for the Czech benchmark.
• Frankfurter Allgemeine Zeitung reported this morning that Czechia and Slovakia are willing to forgo the donation of German Leopard 2 battle tanks in favour of Ukraine. The tanks were promised to the two countries to compensate for their earlier donations of older, Soviet-era vehicles in the early phase of the war.