Europe stocks opened from flat to slightly higher

Source: Marketwatch
© Scanpix/AFP

European stock markets started Friday's trading from flat to slightly higher. The Stoxx Europe 600 index was flat at 219.78, the German DAX index increased by 0.3% to 5,443.39 and the French CAC index was up by 0.3% to 2,834.93. The FTSE 100 index decreased by 0.2% to 55,118.72.

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Fri, 25 Nov 2011 09:36:07 GMT

UniCredit was downgraded to neutral

UniCredit SpA's rating was changed from buy to neutral  at Nomura. UniCredit is going to make €7.5 billion capital boost that will affect shares. However, Nomura experts see more potential in Mediobanca Banca di Credito Finanziario SpA that is rated as buy despite slight target share price cut from €6.9 to €6.6.

Fri, 25 Nov 2011 10:01:40 GMT

Russia leaves benchmark rate unchanged

Russia has decided to leave benchmark interest rate untouched for a second consecutive month. According to Bank Rossii statement released today it will keep borrowing rate at 8.25%. Russia is trying to restrict inflation to 7% - the lowest since the collapse of Soviet Union in 1991. However, depreciation of ruble may boost inflation next month as export power is increasing.

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