in the red zone the lead by losses for carmaker porsche following a deal a two merger with volkswagen agee porsche stock is down more than seven percent this our oil in london. however is up more than ten percent after the company said it discovered oil off the coast of french. losses are still sleeping here in moscow the r.t.s. my six now declining more than one percent and a quarter this is on profit taking world turning lower european markets losing so little some of the individual movers burbank is low after posting a one hundred fifty five percent increase in net profit for the first eight months of the year under russian accounting standards non-performing loans have continued to decrease but their level is still double the market average o.-g. k three is negative territory electricity generating companies are down more two percent on low oil and apollos gold is actually resisting this downward movement it's up just twenty three percent on higher prices. so far september has been a month of respect for the stock markets compared to a heavy selloff in the previous month however it's too early

european stocks are trading in the red zone led by losses in porsche following the lay in its merger with volkswagen agee pushes down seven point seven percent at this hour. is up more than ten percent after the company said it discovered oil off the coast of french guy and. losses are stephen ing here in moscow where the r.t.s. is now down one point seven percent on this is on profit taking will turn in the european markets also showing negative performance so what's moving the my sex is burbank is one half percent lower that's after posting a one hundred fifty five percent increase in net profit for the first eight months of the year under russian accounting standards non-performing loans of the bank have continued to decrease but their level is still double the market average rosneft is down as well is low and called is pretty much the only stock bucking the trend is a point four percent on higher gold price. so far september has been a month of respect for the stock markets compared to the heavy selloff in the previous month however it's too early to celebrate christmas for from troika dialog believe