Russian Stock Panic
Dmitry Anatolyevich Medvedev, President of Russia
The following news item was of interest:
Panic as Russian market suspended
“Panic has gripped the Russian stock market,” read a headline on the Interfax news agency.
Those hardest hit on the RTS were energy companies, with state-controlled gas giant Gazprom falling 17.2 per cent and oil firm Rosneft losing 19.12 per cent.
“The turmoil on Wall Street and worries about fall in the oil price are keeping buyers away despite the cheap prices,” said analyst Chris Weafer in a note from Moscow-based investment bank Uralsib.
“The only feeling is one of numbness, shock,” he said. “The hope is that this is the final clear-out, that this week we will find a floor.”
The fall came after repeated attempts by Russian President Dmitry Medvedev to calm market fears.
Yesterday he told a meeting of top businessmen that “we do not have a crisis”, and ordered the government to pump money into the markets. http://www.news.com.au/business/money/story/0,25479,24359118-31037,00.html
No matter what any politician says, the financial markets can change quickly.
Several articles of possibly related interest may include:
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Asia in Prophecy What is Ahead for China? Is it a “King of the East”? What will happen to nearly all the Chinese, Russians, and others of Asia? China in prophecy, where?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”?
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