PRAGUE, Nov 24 (Reuters) - Central European assets largely gained on Tuesday, with the Czech crown near a multi-week high, in a rally amid progress on COVID-19 vaccines and signs the second wave of the pandemic in the region was ebbing. The region's currencies and stock markets have steadily climbed in November as appetite for risk grows after a trio of drugmakers reported high efficacy rates for their vaccines. Europe is fighting its biggest surge in infections since the pandemic began in March, although the spread is starting to stabilise or slow. In the Czech Republic, one of Europe's worst-hit, the government could get shops open again next week, possibly just in time -- consumer and business confidence fell further in November. The crown led gains on Tuesday, rising 0.3% to trade around 26.25 to the euro by 0920 GMT, near its strongest since early September. Prague stocks rose to their highest since June. Analysts have warned, though, the rally for currencies could soon faded. The crown has gained 4.8% since touching lows at the end of October when COVID-19 infections soared. The Polish zloty , which added 0.1% to 4.47 to the euro on Tuesday, has risen 3.9% since late October. "CEE currencies should trade sideways from current levels," Raiffeisen said, adding vaccine hopes are already mostly priced in to markets. Hungary's forint has trailed this month, rising 1.2%. It weakened in the past two weeks as the country's government battled other European Union states over the bloc's next budget package. Hungary, along with Poland, has blocked the deal so far, unnerving investors. The zloty, though, has largely shaken off the risk due to its larger economy. "Currencies in the region are moved by the pandemic now, but the forint is not only sensitive to that but also to political events," a Budapest-based trader said. "(The forint) is more sensitive to the political events on the negative side." CEE SNAPSHO AT MARKETS T 1020 CET CURRENC IES Latest Previou Daily Change s bid close change in 2020 EURCZK Czech <EURCZK 26.2500 26.3365 +0.33% -3.12% = crown => EURHUF Hungary <EURHUF 360.750 361.115 +0.10% -8.21% = forint => 0 0 EURPLN Polish <EURPLN 4.4730 4.4760 +0.07% -4.84% = zloty => EURRON Romanian <EURRON 4.8740 4.8733 -0.01% -1.76% = leu => EURHRK Croatian <EURHRK 7.5630 7.5623 -0.01% -1.55% = kuna => EURRSD Serbian <EURRSD 117.530 117.550 +0.02% +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 960.29 955.220 +0.53% -13.92% 0 .BUX Budapest 38340.1 38319.0 +0.06% -16.80% 9 6 .WIG20 Warsaw <.WIG20 1833.57 1832.04 +0.08% -14.72% > .BETI Buchares 9294.48 9173.76 +1.32% -6.84% t .SBITO Ljubljan <.SBITO 866.98 866.74 +0.03% -6.36% P a P> .CRBEX Zagreb <.CRBEX 1700.49 1696.08 +0.26% -15.71% > .BELEX Belgrade <.BELEX 712.78 716.96 -0.58% -11.09% 15 15> .SOFIX Sofia <.SOFIX 421.39 424.42 -0.71% -25.83% > BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT= 2-year <CZ2YT= 0.0960 0.0250 +085bp +3bps RR RR> s CZ5YT= 5-year <CZ5YT= 0.7630 0.0170 +152bp +1bps RR RR> s CZ10YT <CZ10YT 1.2140 0.0100 +178bp +0bps =RR 10-year =RR> s Poland PL2YT= 2-year <PL2YT= 0.0330 -0.0090 +079bp -1bps RR RR> s PL5YT= 5-year <PL5YT= 0.4500 -0.0340 +121bp -4bps RR RR> s PL10YT <PL10YT 1.2340 0.0130 +180bp +0bps =RR 10-year =RR> s FRA 3x6 6x9 9x12 3M interba nk Czech <CZKFRA 0.37 0.43 0.53 0.35 Rep ><PRIBO R=> Hungary <HUFFRA 0.72 0.72 0.72 0.77 ><BUBOR => Poland <PLNFRA 0.22 0.22 0.23 0.22 ><WIBOR => Note: FRA quotes are for ask prices *********************************** *************************** (Reporting by Jason Hovet in Prague and Anita Komuves in Budapest; editing by Larry King)