Czech market opened lower in line with CEE region today. Both banks are main lossers today after (19,54 USD, -8,39%) issued CEE banks report, in which he said he remains "cautious". prefers (208,1 CZK, -3,52%) because of geographical positioning. However, Morgan Stanley cuts price target to 7 EUR from 21 EUR. Overall volume is very low as (650 CZK, -3,10%) trades in small range CZK 650-665. (96,49 CZK, -7,15%), which is experiencing ongoing pressure, easily broke through 100 CZK level on the opening. CZK is weaker after EU leaders rejected financial aid for Eastern Europe over the weekend.