a pound. and europe markets have been comfortably in the black for all of the trading day so far despite multiple downgrades the president mario draghi said investors had already priced in those downgrades anyway and questioned the importance of the credit rating agencies following the s. and p. downgrade of nine euro countries. and russian markets surged to five weeks high as oil climbs up. from the mines are up over one percent this hour most of the blue chips are trading in the black strong or as supporting energy majors gas promise adding over one percent steelmaker savers style is among the top gainers all reports its subsidiary north gold will become a separate company and start trading in london hydro is also on the rise up to the bank agreed to by eleven percent in the hydropower producer it will spend the money to finance its investment program. russia has agreed on unique tax benefits for the united arab emirates in order to attract more investment from the oil rich nation