Reporting City contributed to market volatility

On Tuesday, Russia"s stock market has faced a wave of correction. Following fallen Asia and reduced oil prices, our stock indices lost more than the day 1%. Leaders act to reduce stocks of oil, steel and telecom sectors. Hold the indices of the stronger banks to reduce paper and consumer sectors.

The main event of the first half of the trading session was the strong depreciation of the euro against the dollar (1.4270). The January data from Germany"s ZEW index of expectations and the current situation index was below forecasts. The weaknesses of the single European currency, and adds the agency Fitch, which continued to publish warnings of a possible downgrade of Portugal and careful monitoring of the situation with debts in Spain. Agency Moody "s kept unchanged negative rating outlook Greece, calling into question the ability of local governments, to implement the Stability Pact.

Quarterly reporting Citigroup showed a net loss per share in the 3 rd quarter at $ 0.33 (estimate - $ 0.3). However, lower credit losses for the second consecutive quarter, increasing the efficiency and adequacy of capital, have shown that a large reduce the bank"s shares today should not wait. Only in the U.S. went 21-00 in the January index of the housing market (NAHB) (forecast: 17). I think the evening is waiting for us uneasy trade, as the day the market dominated by sellers and shortisty "and Western indices have not yet burn greater willingness to actively decline.

It is difficult to imagine how these wd68ill be completed volatile trading, after pouring oil on the fire brightly vacillating oil prices
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