PRAGUE, Nov 9 (Reuters) - Poland's zloty led central European currencies to multi-week highs and stocks rose on Monday as the region saw further gains from an U.S. election bounce. U.S. President-elect Joe Biden's victory has supported investors' risk appetite, with hopes of better global trade ties. However, caution remains with the coronavirus pandemic still in focus amid a second wave hitting Europe. Currencies had pulled back from session highs by mid-morning. The zloty was up 0.5% at 4.49 to the euro at 1040 GMT, earlier trading as strong as 4.4775, its highest since Oct. 13. It also got a boost Poland's central bank meeting on Friday, where rate setters held steady on policy. The Polish central bank had postponed its meeting to Friday from Wednesday last week, leading some to speculate it would announce further measures to combat the effect of the pandemic. Warsaw stocks rose 0.7% to their highest in a month, while Prague gained 0.5%. In Budapest, stocks fell 1.95% after touching recent highs. The Hungarian forint was flat at 358.92 per euro after hitting a four-week high in earlier trade. Hungary gave a reminder of the fast spread of COVID-19 seen since the summer ended, with Prime Minister Viktor Orban announcing on Monday new lockdown measures, like closing secondary schools and restaurants. The Czech Republic has had Europe's highest infection rate but showed on Monday some signs of stabilisation as its daily tally of new cases on Sunday was the lowest in four weeks. The crown extended its recent rally from the U.S. election and the Czech central bank staying pat on policy last week, adding 0.2% to bid at 26.545 to the euro. Erste Group Bank, though, said a retreat could be around the corner. "While levels in the EURCZK and especially in EURHUF approached or even breached our year-end calls, volatility and near-term weakening should not at all be ruled out in the next few weeks," it said in a daily note. CEE SNAPSHO AT MARKETS T 1140 CET CURRENC IES Latest Previou Daily Change s bid close change in 2020 EURCZK Czech <EURCZK 26.5450 26.5905 +0.17% -4.19% = crown => EURHUF Hungary <EURHUF 358.920 358.925 +0.00% -7.74% = forint => 0 0 EURPLN Polish <EURPLN 4.4900 4.5109 +0.47% -5.20% = zloty => EURRON Romanian <EURRON 4.8670 4.8664 -0.01% -1.62% = leu => EURHRK Croatian <EURHRK 7.5570 7.5595 +0.03% -1.48% = kuna => EURRSD Serbian <EURRSD 117.530 117.570 +0.03% +0.03% = dinar => 0 0 Note: calcula 1800 daily ted CET change from STOCKS Latest Previou Daily Change s close change in 2020 .PX Prague 869.37 865.260 +0.48% -22.07% 0 .BUX Budapest 34701.5 35390.4 -1.95% -24.70% 5 4 .WIG20 Warsaw <.WIG20 1709.44 1697.49 +0.70% -20.49% > .BETI Buchares 8920.67 8808.33 +1.28% -10.59% t .SBITO Ljubljan <.SBITO 820.74 821.02 -0.03% -11.35% P a P> .CRBEX Zagreb <.CRBEX 1590.44 1587.33 +0.20% -21.17% > .BELEX Belgrade <.BELEX 693.38 705.47 -1.71% -13.51% 15 15> .SOFIX Sofia <.SOFIX 425.03 424.94 +0.02% -25.19% > BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT= 2-year <CZ2YT= 0.0200 0.0140 +081bp +2bps RR RR> s CZ5YT= 5-year <CZ5YT= 0.5850 -0.0110 +140bp +1bps RR RR> s CZ10YT <CZ10YT 1.0400 -0.0010 +168bp +2bps =RR 10-year =RR> s Poland PL2YT= 2-year <PL2YT= 0.0000 -0.0110 +079bp +0bps RR RR> s PL5YT= 5-year <PL5YT= 0.3020 -0.0150 +112bp +0bps RR RR> s PL10YT <PL10YT 1.1440 -0.0180 +178bp +0bps =RR 10-year =RR> s FRA 3x6 6x9 9x12 3M interba nk Czech <CZKFRA 0.32 0.32 0.34 0.35 Rep ><PRIBO R=> Hungary <HUFFRA 0.74 0.73 0.73 0.77 ><BUBOR => Poland <PLNFRA 0.17 0.16 0.16 0.22 ><WIBOR => Note: FRA quotes are for ask prices *********************************** *************************** (Reporting by Jason Hovet in Prague, Alan Charlish in Warsaw and Marton Dunai in Budapest; Editing by Mark Potter)
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