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CEE MARKETS-Crown surges on GDP surprise, forint weakens slightly

* Q2 GDP is robust, showed pick-up except for Hungary

* Poland to report GDP figures at 0800 GMT

* Crown firmer, leu steady despite Romanian GDP surge

BUDAPEST, Aug 16 (Reuters) - The crown jumped and the forint eased on Wednesday after the Czech Republic reported a surprise surge in second-quarter economic output, while Hungary's growth slowed down slightly. Second-quarter economic output data released by several Central European states on Wednesday showed a pick-up from an already robust first quarter, when export growth and surging wages fuelled economic growth. The only exception was Hungary where the pace of growth slowed to 3.2 percent from 4.2 percent, below a forecast by analysts of 3.7 percent. The forint eased by 0.05 percent against the euro The crown surged by 0.4 percent to 26.045 against the euro, after the Czech figures showed a jump in annual growth to 4.5 percent from 3 percent, well above the median forecast by analysts of 2.9 percent. The leu, which is usually slow to react to economic data, was steady at 4.5735 versus the euro, even though Romania's annual GDP growth surged to 5.9 percent from 5.7 percent in the first quarter, instead of a slowdown to 4.8 percent, which had been expected by analysts. "It should be slightly positive for the Romanian leu but negative for government bonds as the output gap looks set to widen further, increasing the chances for inflation to rise even faster than expected," said Ciprian Dascalu, chief economist at ING in Romania. Poland is due to release second-quarter GDP figures at 0800 GMT. Central European stocks opened mostly slightly higher or steady.

CEE MARKETS SNAPSH AT 0919 CET

OT CURRENCIES

Latest Previo Daily Change

us

bid close change in

2017

Czech crown 26.045 26.153 +0.42 3.69% 0 5 % Hungary 304.35 304.19 -0.05% 1.47% forint 00 50 Polish zloty 4.2840 4.2955 +0.27 2.80%

%

Romanian leu 4.5735 4.5740 +0.01 -0.84%

%

Croatian 7.3915 7.3935 +0.03 2.21% kuna % Serbian 119.27 119.36 +0.08 3.42% dinar 00 00 % Note: daily calculated previo close 1800 change from us at CET

STOCKS

Latest Previo Daily Change

us

close change in

2017

Prague 1034.2 1032.5 +0.17 +12.2 5 0 % 2% Budapest 36890. 36775. +0.31 +15.2 13 94 % 7% Warsaw 2383.3 2376.6 +0.28 +22.3 5 6 % 5% Bucharest 8311.4 8334.2 -0.27% +17.3 4 8 1% Ljubljana 803.27 805.67 -0.30% +11.9

4%

Zagreb 0.00 1897.5 +0.00 -100.0 1 % 0% Belgrade 0.00 715.89 +0.00 -100.0 % 0% Sofia 731.14 729.28 +0.26 +24.6 % 8%

BONDS

Yield Yield Spread Daily (bid) change vs change Bund in Czech spread

Republic

2-year 0.052 0.115 +075b +11bp ps s 5-year 0.049 -0.009 +029b -2bps

ps

10-year 0.877 -0.005 +043b -2bps

ps Poland

2-year 1.867 0.013 +257b +1bps

ps

5-year 2.754 0.016 +300b +0bps

ps

10-year 3.418 0.021 +297b +0bps

ps

FORWARD RATE AGREEMENT 3x6 6x9 9x12 3M

interb ank

Czech Rep <PR 0.57 0.68 0.77 0

IBOR=>

Hungary <BU 0.21 0.25 0.31 0.15

BOR=>

Poland <WI 1.78 1.81 1.87 1.73

BOR=>

Note: FRA are for ask quotes prices ********************************************************* *****

(Additional reproting by Radu Marinas in Bucharest; Editing by Matthew Mpoke Bigg)