European shares open mostly flat

Source: Marketwatch

European equity markets opened generally flat with mining companies gaining and financials declining. Stoxx Europe 600 index added 0.3% reaching 236.76, French CAC 40 index traded flat at 3,088.47 while German DAX 30 index increased 0.4% to 5,808.88 and UK's FTSE 100 gained 0.1% to 5,435.49.

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Tue, 13 Dec 2011 10:21:11 GMT

Overnight deposits in the ECB hit new record

The ECB overnight deposits hit another record on the market tensions and end of the month reserve period of the ECB. Banks deposited 346.357 billion euros overnight on Monday as compared to previous record of 334.905 billion euros deposited on Friday. The increase reflects continuous distrust in lending between banks.

Tue, 13 Dec 2011 17:37:40 GMT

Canada to abandon Kyoto protocol

On Monday Canada became the first nation that claimed it will quit Kyoto protocol. Peter Kent, Environment Minister made an announcement of Canada's abandonment after he returned from summit in Durban. Canada, a leading energy producer has complained extensively that Kyoto protocol does not work as it ignores too many important emitters such as India and China. 

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