if shares of commerzbank and deutsche bank gained more than 12%. the fund might even be bigger. it could be designed in a way which would allow banks in german companies and mutual funds to get rid of even more of their bad assets than previously thought. >> let's take a closer lookk at some of the market numbers. the dax sword up over 5%. the euro stoxx 50 was up over 5%. the dow jones advanced more than 1%. the euro is going for $1.36. the prime minister of luxembourg is one of the people at the eye of the storm right now. he is the head of the euro group. he delivered a rallying cry to the european parliament saying that the block's response has been too slow and the system must be overhauled. the eurozone must stick together to battle the debt crisis. >> an appearance in strasbourg is something of a home's own for the euro -- home game for the rozone chief. he had clear words to those who believe that greece should return. >> i am totally against the idea that one or two member states should be compelled to leave the eurozone. that would achieve nothing. >> he says that the

ground after talks over the escalating debt crisis in greece ended with little progress on saturday commerzbank which a bank are losing money for some. stocks in russia also taking a beating. have come back slightly but the my sex now down point seven percent the r.t.s. one point seven percent the russian currency is also losing ground the slipping more than one percent versus the dollar in the first minutes of trading reaching this year's lowest levels and therefore the difference in the drops going on around us in the months or. take a look at some of the main movers on the my sex energy majors and bag stocks on the pressure russia's largest oil company was leftist building out their best. in market down point six percent the south country's top lenders burbank is down one and a half percent and electricity producer beyond russia is also in the red despite the company's first off that profit by fifty eight percent to two hundred thirty nine s. . as the uncertainty persists in the global economy russian investors prefer to buy into the companies which rely mostly on the domestic market for the

talks over escalating debt crisis in greece ended with little progress on saturday commerzbank ability to bankroll losing more than four and a half percent each in frankfurt. following in their footsteps in europe and in asia down herbal more than two percent on the r.t.s. one point four for the my sakes also when it comes to the russian currency it's also losing ground slipping more than a percent versus the dollar since the first minutes of trade ever look at the main movers on the nice legs energy majors like you stocks are under pressure russia's largest oil company rules and is losing one point three percent country's top bankers burbank peers down almost two percent as you can see the producer iran russia is also in the red despite the company's first after profit rising fifty eight percent to two hundred thirty million dollars going to international financial start that's. we uncertainty persists in the global economy russian investors therefore preferring to buy into companies which rely mostly on the domestic market for that. will likely have the names of the companies there.

talks over as crisis in greece ended with little progress on saturday commerzbank and boy should beg to losing more than five percent each in frankfurt. stocks and russia also taking after asia in europe with most blue chips dropping around one percent financial stocks also beings on the biggest loser let's take a look at what's going on on the my sex basically. the other energy companies are losing on lower oil prices is down one half percent and the companies the country's top lenders b.c.b.s. burbank are both dropping around one and a half percent due to global turmoil in financial stocks. the russian government has agreed to pump one and a half billion dollars into ross nano the nano technology company is fully owned by the state and currently its shares are valued at less than a quarter of a billion dollars responder's board will issue shares in return for the cash injection of capital to seize the company's value eight fold it hasn't said what is going to do with the new money. as the uncertainty persists in the global economy russia's investors prefer to buy into companies whi

worst performers story should write down four percent for a portion of the us through several banks commerzbank is also losing on the tax outside the financial sector shares of astra zeneca among the worst performers and london. russia stocks are lower and after the trading as well it's a sea of red across the board on both the voices now let's have a look at some individual shelves on the mindsets energy majors among the majors with this hour bucking the trend as metal pipe maker tame cake companies first up their profit quadrupled to two hundred fifty eight billion dollars dollars gold is the balancing over half percent of stronger precious metals bigger profile from troika gallo says are the best bet for the moment liquid stocks. investor sentiment has calmed down and russia's following a panic sell off in the beginning of august market players and now ready to splash their cash the country's investment funds have seen a significant increase in cash flow in the end of last month which compensated for the previous loss private investors preferred to part cash in equities robin loans although

will sue several banks commerzbank is also down on the dax and astra zeneca is falling on the back of a disappointing drug. here in russia starts to lower and after trading it's a sea of red across the board on both the bourses now let's have a look at some individual families on my six energy majors among the major who says this hour and that week of crude rocking the tranqs is metal pipe maker tam k. the company's first half net profit quadrupled to two hundred fifty eight million dollars and part of gold is also up on stronger precious metals bigger provided from the track a dialogue says the best bets are moments in liquid stocks. volatility is the major word we'll see a lot of in coming. weeks so i think just to recommend this talk you probably should true something from liquids and my favorite one is bill brown they just released really fantastic results if we look at the european brings which has many problems starting from very low margins and being me with a serious problem with the bed that's sitting on their balance sheets of these troubled economy responded so true so you

supported by speculation that euro zone leaders will take steps to beef up the bailout fund german commerzbank sought eleven percent and georgia bank was just a bit behind under a law signed on the rise. in russia the markets rallied in cheers to despite the resignation of the country's finance minister the artist added over four percent and that my it's was up to and helps and let's have a look at some of the individual shares moves in the might sixth energy stocks were on the rise in mid stream of courage gauge one and a half percent among my list gold metal gauge two percent as precious metals advanced in other sectors ever fought was among the main gainers three and a half percent after it for four to twenty fold increase its net profit for the first time here therefore also assess its considering listing in dublin and new york mark rylance time for much of the day straight for us. the sentiment is growing that this market is oversold and that there. european authorities are to the point where they will be forced to come up with. their decisive measures. despite the fact that they might no

supported by speculation that euro zone leaders will take steps to be thought the bailout fund german commerzbank sought to live an unhealthy sound at the close and tortured just a bit behind on the eleven percent on the rise. rajan russia the markets rallied on cheers to despite the resignation of the country's finance minister the r.t.s. editor over four percent under my six was up two and a half percent but i have a check on some of the individual share moves in the my six energy stocks on the rise and it's strong courage. one and a half cent among minus poly metal gauge two percent as precious metals advanced and another such as airport was among the main gave us three and a half percent wanted twenty fold increase net profit for the first time for the year therefore also says it's considering listing in dublin and new york. so we have time for now you are up to date for more stories check our website arches of consular business. coming. wealthy british scientists scientists sometimes six platinum. markets finiteness soon. find out what's really happening to the global economy with mike's con

mountain put a couple seventeen percent after reporting a shop fall in its assets under management commerzbank is topping the losers list on the docks property four percent. now all is seeing new set of losses ahead over the course that may signal a slowdown in global growth investors expect figures to show that u.s. doable goods orders fell and european consumer confidence declined to a two year low it's a temporary blend is trading at over one hundred six dollars per barrel and. is. eighty three dollars. russia skolkovo innovation hobb could lose a lucrative contract with b.p. as a result of the company's long lasting conflict with its russian partners now the british were a major has frozen a multi-million dollar project with kolkata to increase oil refining efficiency in russia b.p. says its concerned its partners in the joint venture to b.p. might object to the deal earlier this year b.p.'s russian partners blocked its huge tie up with. now demanding for billions of dollars in compensation a court hearing on that case will take place on thursday. this be a reform of russia's banking secto