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Market Overview: US stock indexes fell significantly

The American stock indices to bid again March 14 fell. Dow Jones dropped 1.6 per cent to 11951.09 item again finding themselves below the psychologically important mark of 12 thousand items. S & P 500 lost 2.08 percent and fell to 1288.14 points and Nasdaq - at 2.26 per cent, falling to 2212.49 points. On the NYSE stock exchange went only 17 per cent of the shares. Securities bank Bear Stearns collapsed by more than 47 per cent. To help in the crisis of the United States Fed banks decided to reduce the discount rate to 3.25 per cent.

In Europe of the 11 leading stock indexes into plus not closed none. In doing so, the British FTSE-100 dropped 1.07 percent to 5631.7 item, the French CAC-40 - at 0.82 per cent to 4592.15 points and the German Dax - by 0.75 per cent to 6451.9 points.

On March 14, Russian exchanges modestly improving stock indices. RTS has risen by a quarter per cent to 2064.41 points and the MICEX - by 0.27 per cent to 1651.91 points. Among the leaders were preferred shares "Rostelekom", went on MICEX at 4.8 per cent. Securities Gazprom oil, in contrast, fell to 2.2 per cent. Industry Of the seven RTS index finished at plus three sessions: "Metals and mining", "Telecommunications" and "Banking and Finance".

March 14, oil prices declined for the first time in five trading sessions. In New York barrel WTI with delivery in April fell 12 cents on the dollar to 110.21. At Intercontinental Exchange London Brent oil to the supply of stamps a month in the price fell by 9 cents to 107.45 dollars per barrel, analysts note K2kapital.

Central Russia set the official exchange rate for a weekend of $ 23.6490 ruble, which is 4.34 cent lower than the previous day. Euro in Russia, by contrast, went to 2.94 penny to 36.8995 rubles. On the morning of the world market on 17 March European currency was worth 1.5828 dollars already.

Posted: 11:32 AM, 3/17/2008

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