The Russian stock market collapsed after global stock venues

The Russian stock market opened on Tuesday a collapse over the entire spectrum of “blue chips”. He did this after the collapse of shares on world stock venues. In addition, pessimism added a collapse of oil prices to a three -year minimum. The RTS exchange index on Tuesday morning fell below 600 points, after which the auction was suspended by an hour. At the same time, the Central Bank continued to weaken the ruble against the dollar, and the American currency was fixed at a new level - 28 rubles.

The cause of the fall in the United States was recession data. The decline began a year ago , but on the expectations of the fact that he would be long and serious, Wall Street played for a decrease. After that, American indices fell by 7-9% . Stock markets are reduced in Europe.

- Europe falls after the USA
- the dollar fixed at 28 rubles

The RTS Russian exchange index by 10:48 broke out a mark of 600 points, falling to 599.42 points, which is 5.13% below Monday level. The RTS stock exchange suspended trading with all shares from 11:35 for an hour due to the fall of the technical exchange index by more than 5% of the level of closing the previous day, the exchange said. In the leaders of the fall on the RTS Paper Rosneft (-12.8%). The last time the market was below 600 points for the RTS index a little more than a week ago - November 24, Interfax reports.

In the first minute of trading, the MICEX index fell by 4.6%. The most significantly lost the Gazprom Neft shares (-8%), Lukoil (-5.5%), Gazprom (-5.8%), Rosneft (-4.8%).

After a landslide opening, the MICEX index began to bounce. Soon after noon, the MMEVB index lost less than 1.5%. And a number of papers, including shares of Surgutneftegaz and VTB, even bargained in a plus.

The day before, American stock indices fell by 7-9% against the backdrop of increased fears of deepening the global economic decline. Councils of shares of industrial companies collapsed after publishing data on reducing business activity in the United States in November to a minimum level of 26 years. The production activity index (ISM manuafactoring) has fallen to 36.2 points - a minimum since 1982.

The price of oil fell during trading below $ 50 per barrel after the organization of exporting countries at an extraordinary meeting in Cairo on November 29 postponed the decision to reduce production until the next meeting, which will be held on December 17 in Algerian oran.

On Tuesday, the fall spread to Asia against the backdrop of a reduction in industrial production, reducing oil prices and metals, as well as fears of corporate profit collapse. Japanese Nikkei 225 fell by 6.35%, Hong Kong Hang Seng - by 5%. The decline is observed in all markets of the APR, except for mainland China.

The Chinese stock index CSI 200 is growing for the second day in a row following the shares of manufacturers of household electronics at expectations that the government stimulation program will increase the demand for the products of this industry. On Tuesday, the index added 1.6%.

The Chairman of the Federal Reserve Ben Bernanca said that, given the limited possibilities for further reducing interest rates, the American Central Bank can use non -traditional economy support tools - in particular, begin to buy stateboards . After his speech on Monday, investors began to buy US government bonds and brought the profitability of the State Bum for a period of 2 years, 10 and 30 years to the minimum values ​​in their entire history.

Oil fell to a minimum of three years on signs of deepening the crisis in the United States, which are the largest fuel consumer in the world. The price of a WTI brand in January on Tuesday fell by 1.69 dollars on January 1 relative to the closing level of December 1 and amounted to 47.59 dollars per barrel on Tuesday, the day before the price collapsed by $ 5.15 (9.5%).

The National Bureau of Economic Research (Nber) officially concluded that the American economy entered into a recession - and back in December 2007 . If the current decline lasts another 5 months, it will become the longest since the times of great depression.

The dollar entrenched on Tuesday at the MICEX at the level of 28 rubles

The official US dollar exchange rate in relation to the ruble declared the Bank of Russia since December 3 is 28.0166 ruble per dollar, the Department of Foreign and Public Relations of the Central Bank of the Russian Federation reports. Thus, the cost of the ruble, expressed in dollars, compared with the previous day, decreased by 0.27%.

The official euro exchange rate in relation to the ruble announced by the Bank of Russia since December 3 is 35.3037 rubles per euro. Thus, the cost of the ruble expressed in the euro, compared with the previous day, increased by 0.30%.

In the morning on Tuesday, the dollar on Tuesday at the MICEX, maximums since 2006, reached at the highest point of 28.055 rubles per dollar. The course of the index session, which the Central Bank of the Russian Federation uses to establish an official course the next day, rose by 7.57 kopecks and amounted to 28.0166 rubles per dollar.

The Bank of Russia continues to support the upper border of the corridor for the bivalyut basket (operating indicator of the Central Bank of the Russian Federation, $ 0.55 and EUR 0.45) near the level set on Friday, not far from 31.3 rubles.

Experts talk about high demand for currency at the MICEX auction, this demand is probably covered by the currency interventions of the Central Bank of the Russian Federation.

Europe falls after the United States

European stock indices fall on Tuesday after the shares of banks and raw materials on increased fears that the recession depression will negatively affect corporate profits, Interfax reports with reference to the Bloomberg agency.

“There is a hidden fear on the market that we are waiting for the next rapid drop in the market,” said MF Global analyst in London Manus Cranny.

The cost of shares of the Swiss Bank UBS dropped by 3.6%, the Dutch ING GROOP is 6.2%.

The leadership of the European Commission and the European Central Bank (ECB) is currently working on recommendations that will prepare the basis for the adoption of a plan for supporting a banking system of 10.5 billion euros ($ 13 billion) proposed by France, a source familiar with the situation told the agency.

The governments of European countries seek to overcome the crisis in the financial system, which contributed to freeze the market of interbank lending. A number of states, for example, Spain, are afraid that the salvation of banks can lead to a violation of competition, since European credit organizations will be better capitalized than banks of other countries.

Rio Tinto shares fell in price during trading by 5.9%. The price of copper with delivery in February in Shanghai fell 2.6% against the background of signals about the continuing weakening of demand.

The cost of papers of the British oil and gas company BG Group dropped by 4.2%.