CEE MARKETS 3-FX firm after growth numbers, eyes on G20 summit

                                
   (Adds details, updates prices)
                                
 By Jason Hovet and Marius Zaharia
                                
 PRAGUE/BUCHAREST, Nov 14 (Reuters) - Central European
currencies firmed for a second day on Friday, helped by a rally
on regional stock markets as the Czech and Slovak economies
reported resilient growth in the third quarter.
                                
 Warsaw's WIG20 <.WIG20> index rose 1.5 percent at close
while Prague's PX <.PX> gained 4.5 percent and Budapest's BUX
<.BUX> inched up 0.2 percent.
                                
 Dealers said all eyes were on world leaders meeting in
Washington on Saturday at a G20 summit to seek ways to tackle
the global financial crisis. [ID:nHKG276320].
                                
 "Stocks helped currencies today, and especially in early
session when they benefitted from the U.S. stock market rebound
(on Thursday)," one dealer said.
                                
 The leu <EURRON=> jumped 1.7 percent to 3.718 per euro,
recouping losses suffered after Fitch cut Romania's credit
rating to "junk" status early this week.
                                
 In Poland, the zloty <EURPLN=> was up 1.7 percent as well
from Thursday's domestic close at 3.694 against the euro.
                                
 Third-quarter GDP data showed the Slovak economy still among
the continent's fastest growing and Czech growth unexpectedly
inched up. 
                                
 But Hungary's were worse than expected, showing it already
on the brink of recession, and dealers said the region may
remain jittery as the euro zone, slid into recession
[nLE565143], signalling falling demand for the region's exports.
                                
 "The flow of good news is thin and bad news keeps coming,"
one dealer said. "I expect a lengthy consolidation, with
intervals of weakening."
                                
 Hungary's forint <EURHUF=>, however, rebounded in late
trade, regaining after a slump on the growth numbers
[ID:nLD170721] to finish up 1.2 percent at 267.16 per euro.
                                
 The Czech crown <EURCZK=> gained 0.73 percent up against
euro, at 25.162. Dealers said liquidity remained low, adding to
volatility -- a trend seen in other markets over the past month.
                                
 Trade also slowed ahead of a long weekend as Prague shuts
for a public holiday on Monday.
                                
  Serbia's dinar <EURRSD=> shed 0.6 percent to 85.29 per
euro, as a stand-by deal with the International Monetary Fund
failed to impress the market. [nLE627697]
                                
 Serbia agreed a $516 million stand-by deal with the IMF
[ID:nLD745474] [ID:nLE480721] but its central bank governor said
on Friday economic growth was likely to slow to 3 percent in
2009 from about 7 percent in 2008 [ID:nLE627697].
                                
 "The loan is equivalent to what the NIS (oil monopoly)
spends on three-six months of crude oil imports, or what Telekom
Srbija has to repay to Citi next year," a senior treasury
analyst said.
                                
 In fixed income markets, trading remained thin and prices
were a notch higher.
 ----------------------MARKET SNAPSHOT-------------------------
Currency                    Latest   Previous Local    Local
                                
                                  close    currency currency
                                
                                           change   change
                                
                                           today    in 2008 
Czech crown      <EURCZK=>   25.162   25.347  +0.73%   +5.04%
Polish zloty     <EURPLN=>    3.694    3.756  +1.65%   -2.6%
Hungarian forint <EURHUF=>  267.16   270.5    +1.23%   -5.66%
Croatian kuna    <EURHRK=>    7.115    7.118  +0.04%   +2.89%
Romanian leu     <EURRON=>    3.718    3.782  +1.69%   -3.85%
Serbian dinar    <EURRSD=>   85.29    84.767  -0.62%   -8.29%
Yield Spreads
Czech treasury bonds <0#CZBMK=>
3-yr T-bond   CZ3YT=RR   +12 basis points to  139bps over bmk*
5-yr T-bond   CZ5YT=RR   +1 basis points to  +141bps over bmk*
10-yr T-bond   CZ9YT=RR   +6 basis points to  +86bps over bmk*
Polish treasury bonds <0#PLBMK=>
2-yr T-bond   PL2YT=RR    -1 basis points to  +413bps over bmk*
5-yr T-bond   PL5YT=RR   +8 basis points to  +348bps over bmk*
10-yr T-bond PL10YT=RR    0 basis points to  +268bps over bmk*
Hungarian treasury bonds <0#HUBMK=>
3-yr T-bond   HU3YT=RR    -29 basis points to  +1055bps over
bmk*
5-yr T-bond   HU5YT=RR    -24 basis points to  +991bps over bmk*
10-yr T-bond   HU10YT=RR +22 basis points to  +602bps over bmk*
*Benchmark is German bond equivalent.
All data taken from Reuters at 1712 CET.
Currency percent change calculated from the daily domestic 
close at 1500 GMT.
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 (Reporting by Reuters bureaus, writing by Jason Hovet and
Marius Zaharia; editing by Patrick Graham)