the russian markets as well the indices like standing last week's losses in monday's trade the r.t.s. m m i six a deeply in the red three point eight and three percent respectively let's take a look at some of the individual show moves in the might save energy majors are losing ground with gazprom shedding almost three percent and look oil dropping one of the crucial central banking stocks are also under the pressure of russia's largest lender shedding under three and a half percent. mysterious amounting the world is heading rapidly for a second day called the recession russian finance minister alex accoutrement says it's more probable now than before the summer russia's balanced budget means it is reasonably well placed to ride out the turmoil but troika strategist chris with us says that they offered only limited protection when the mood turns sour. in reality russia is in a much stronger position today than it was in two thousand and eight so you know russia is in a much better position to be able to withstand global downturn. you know to to to remain it's going to be solvent and stabl

r.t.s. and m i six are adding over two and a half percent this hour and let's have some close look at the index movements on m i six the energy stocks on the rise in a stronger crude frost snap and look oil are gaining around two percent sour and financials are no exception with the country's biggest lenders back almost three percent and the black. markets in europe open higher as well with ensures leading the rebound shares in french lender b.m.p. provide jumped eight point eight percent of paris the world bank of scotland good gains by a half percent in london markets in asia. and from a sixteen month low following two days of gains in the u.s. markets are also supported by creased efforts of the e.u. governments to continue the region's debt crisis financial stocks among be gainers in tokyo commodity sector problems also advancing strongly along with gains for oil and copper futures are the medium corp of china on the science and all. of a six percent in the back. and all prices are heading up on that speculation that the european central bank may alleviate the region's sovereign debt crisis boosting growt

m holdings fell three point four percent and german carmakers the m.-w. lost four percent here in russia stocks are in the red in afternoon trading session the r.t.s. is losing just one. half percent while i'm isaac's down one and a quarter of a percent now let's take a look at some individual shot otherwise it's this our energy stocks are in the red gas problem ross napster's ing of a one percent and financials are also under pressure with spare back closing one and a half percent at douglas groves at were all state capital believes that investors should take a closer look at oil and banking stocks for a good that. will companies or rule the good bet right now given that their room mission have a double benefit from their margins from. there or their export revenues are nominated in dollars which means that the should have an exceptionally good quarter of this quarter the other also i think quite cheap after the recent sell off also russian banks i think is something else it's worth looking at him again because nero there are quite cheap they're trading at the very rules against against book they've been hit harder than most stocks in the recent s