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CEE MARKETS-Trade uncertainty weakens stocks, inflation weighs on forint

BUCHAREST, Dec 10 (Reuters) - Emerging European stocks tracked other European markets lower in early trade on Tuesday driven by uncertainty over a looming deadline for U.S. tariffs on China, while a pick-up in inflation weighed on the Hungarian forint. Hungarian headline inflation rose to an annual 3.4% in November, slightly above market expectations.. The forint edged 0.1% lower on the day. The forint has lost 3.2% against the euro this year, the region's worst performing currency, as the central bank's loose monetary policy added to global uncertainty over the U.S.-China trade war and Brexit to weigh on the unit. "We stick to our forecast that the base stance of the monetary policy will remain dovish in the upcoming quarters," Erste Bank said in a research note. The National Bank of Hungary will release new forecasts from its quarterly inflation report on Dec. 17. Elsewhere in the region, the Czech crown was flat on the day, ignoring the fastest rise in headline inflation in seven years. The Romanian leu was also flat, while the Polish zloty was down 0.1% at 4.2888. "Global market sentiment has slightly deteriorated, because there is still no decision if the US will increase the tariffs on China products on Dec. 15," Santander Bank Polska said in a note. "We expect further slight zloty depreciation in the coming days towards 4.29-4.30 levels." By 0950 GMT, Prague's and Warsaw's stocks led losses in the region, both down 0.6% on the day, while Bucharest's and Budapest's were down 0.2% and 0.1%, respectively. CEE SNAPSHO AT MARKETS T 1058 CET CURRENC IES Latest Previou Daily Change s bid close change in 2019 Czech <EURCZK= 25.5250 25.5150 -0.04% +0.71% crown > Hungary <EURHUF= 331.650 331.600 -0.02% -3.19% forint > 0 0 Polish <EURPLN= 4.2884 4.2832 -0.12% +0.03% zloty > Romanian <EURRON= 4.7785 4.7790 +0.01% -2.61% leu > Croatian <EURHRK= 7.4395 7.4385 -0.01% -0.40% kuna > Serbian <EURRSD= 117.420 117.570 +0.13% +0.75% dinar > 0 0 Note: calculated from 1800 daily CET change Latest Previou Daily Change s close change in 2019 Prague 1080.69 1087.25 -0.60% +9.54% 00 Budapest 44636.1 44640.3 -0.01% +14.05 9 8 % Warsaw 2053.46 2066.55 -0.63% -9.80% Bucharest 9917.38 9937.67 -0.20% +34.31 % Ljubljana <.SBITOP 906.21 909.85 -0.40% +12.68 > % Zagreb 1983.26 1987.51 -0.21% +13.41 % Belgrade <.BELEX1 775.60 776.79 -0.15% +1.83% 5> Sofia 548.09 547.84 +0.05% -7.80% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year <CZ2YT=R 1.4900 -0.0090 +218bp -1bps R> s 5-year <CZ5YT=R 1.2870 0.0660 +186bp +5bps R> s 10-year <CZ10YT= 1.5240 0.0460 +182bp +4bps RR> s Poland 2-year <PL2YT=R 1.4140 0.0200 +210bp +2bps R> s 5-year <PL5YT=R 1.7480 0.0080 +232bp -1bps R> s 10-year <PL10YT= 2.0110 0.0460 +230bp +4bps RR> s FORWARD RATE AGREEME NT 3x6 6x9 9x12 3M interba nk Czech Rep 2.23 2.23 2.17 2.18 <PRIBOR= > Hungary 0.26 0.31 0.34 0.00 Poland 1.71 1.70 1.66 1.70 Note: FRA are for ask quotes prices ********************************************** **************** (Reporting by Luiza Ilie in Bucharest and Alan Charlish in Warsaw; Editing by Andrew Cawthorne)