1. Tilt down exterior of MICEX (Moscow Interbank Currency Exchange)
2. Mid of people walking into MICEX entrance
3. Wide of trading floor interior
4. Mid pan of traders
5. Close-up of bell
6. SOUNDBITE: (English) Aleksei Rybnikov, MICEX General Director:
"We can see that the liquidity which was provided to the market by the Russian financial authorities - the Ministry of Finance, the Central Bank - is currently coming to the market, which gives it the ability to restart functioning in a normal mode."
7. Wide of street
8. Wide of exchange office worker changing currency rates
"Anyway, I do not have enough salary. What financial crisis? Where is it? It has an impact on wealthy people. Obviously they possess bank accounts and may lose money or something else, but the average working person has the same salary as before. It is moderate and it is very hard to live on it."
11. Various of Frankfurt Stock Exchange
12. SOUNDBITE: (German) Stefan Scharffetter, Trader at Baader Wertpapierhandelsbank AG:
"In Europe, this is not necessary. We have a completely different banking system, the banks in Europe and in Germany have a wider range of business. This crisis, this scenario - we will not see in Europe. I think that measures like those (the US Financial Aid package) will not be seen in Europe."
13. Wide of board in stock exchange
14. Various interiors of Richelieu Finance trading room, traders at desk
15. Close-up of screen showing figures for European and Asian indices
16. SOUNDBITE: (French) Nathalie Pelras, Head of Equity Management, Richelieu Finance:
"For the moment the authorities are focused on the problem of the financial stocks. It means that everything is being done to avoid a cataclysm of the financial stocks. This means that we are helping the most fragile cases and those which have taken the biggest risks. The impact it could have on the economy, all these positions short on the financials are being transferred to other industrial values, that is not being taken yet into account by the market. Today it is far too early to see clearly, what is important to see is that these exceptional measures respond with exceptional risks so it was logical that this technical increase was only technical and not fundamental because it is far too early for that."
17. Close-up of trader on phone
18. Close-up of computer screen
London, United Kingdom
19. Pan right from skyline view of London and River Thames to BGC Partners trading floor
20. Various of traders
21. SOUNDBITE: (English) Howard Wheeldon, senior strategist with BGC Partners:
"Last night we had an interesting situation, in that Morgan Stanley and Goldman Sachs are essentially applying to go under the Fed's umbrella in terms of regulation, i.e becoming larger holding commercial banks. That, I think, is another positive signal which markets will positively respond to in the US."
22. Cutaway of traders
23. SOUNDBITE: (English) Howard Wheeldon, senior strategist with BGC Partners:
"We now currently have three regulators here in the UK looking over banks. We need one regulator and that needs to be the Bank of England. So, pontificating by politicians of changing regulation, frankly, all that means is going back to the status quo in a system that actually worked very well until it was tinkered with by Gordon Brown."
Global markets were mixed Monday after the United States Government proposed a 700 (b) billion US dollar plan to solve the world financial crisis by rescuing banks from billions (b) of dollars in risky mortgage debt.
European markets, after edging higher in early trading, had fallen by afternoon in Europe.
Britain's FTSE 100 lost 0.39 percent to 5,290.82, Germany's DAX slumped 0.30 percent to 6,170.83 and France's CAC 40 dropped 0.11 percent to 4,320.01.
Global markets had rallied on Friday at news Washington was likely to announce a bailout plan, calming investors worried that losses from bad bets on mortgages could bring about the collapse of more companies, straining an already weakened financial system and global economy.
As a rough outline of the plan took shape over the weekend, the Bush administration continued to lobby lawmakers on Sunday for authority to use 700 (b) billion to buy up a mountain of bad debt at the heart of the crisis.
In Russia, stocks inched up on Monday following big gains for all indexes last week, with the US dollar-denominated RTS adding 1.6 percent.
On Friday, Russian markets rebounded on the government's emergency measures that included more money for banks and purchases of shares.
Speaking on Monday, after the Russian market had re-opened after the weekend break, MICEX General Director Aleksei Rybnikov said the market was up due to the Russian government's emergency measures.
"We can see that the liquidity which was provided to the market by the Russian financial authorities - the Ministry of Finance, the Central Bank - is currently coming to the market, which gives it the ability to restart functioning in a normal amount," he said.
On the streets of the Russian capital, there was mixed opinion on the impact of the crisis.
Moscow resident, Nadezhda Vladimirovna said she was not paid enough for her to really feel the financial crisis.
"I do not have enough salary. What financial crisis? Where is it? It has an impact on wealthy people. Obviously they possess bank accounts and may lose money or something else, but the average working person has the same salary as before. It is moderate and it is very hard to live on it."
In Germany, one financial expert, Stefan Scharffetter, told AP Television that it was not clear whether the markets had hit their lowest point yet.
Scharffetter said the banking system in Europe was "completely different" and therefore the crisis in the US was unlikely to occur there.
"The banks in Europe and in Germany have a wider range of business. This crisis, this scenario - we will not see in Europe. I think that those measures (referring to the US Financial Aid package) will not be seen in Europe."
In France, Nathalie Pelras, Head of Equity Management at Richelieu Finance, said everything was being done to "avoid a cataclysm of the financial stocks."
"For the moment the authorities are focused on the problem of the financial stocks," she said.
"This means that we are helping the most fragile cases and those which have taken the biggest risks."
"Today it is far too early to see clearly, what is important to see is that these exceptional measures respond with exceptional risks so it was logical that this technical increase was only technical and not fundamental because it is far too early for that," Pelras added.
Cash demand showed some signs of easing as European central banks offered more liquidity to money markets.
According to the Bank of England, it offered 40 (b) billion US dollars in a one-day tender, for which the bank said it received 26 (b) billion US dollars in bids, but didn't indicate from how many banks.
But the European Central Bank said it received bids worth 82.1 (b) billion US dollars for the 40 (b) billion US dollars it offered in a one-day transaction, or more than double what it had offered.
Monday's moves come after central banks in Britain, Canada, the United States, Japan and Canada last week supplied cash to banks that had become wary of lending to one another in the aftermath of the bailout of AIG and the bankruptcy of Lehman Brothers.
Banks have been increasingly reluctant to lend to each other as distrust spread throughout the financial system.
Late on Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies.
That would allow the companies to set up commercial banks that would be able to take deposits, significantly bolstering the resources of both.
The change of status means both companies will come under the direct regulation of the Fed, which oversees US bank holding companies.
The banking subsidiaries of the two institutions will face the stricter regulations that commercial banks are required to meet.
Previously, the primary regulator for Goldman and Morgan Stanley was the Securities and Exchange Commission.
Howard Wheeldon, a senior strategist with BGC Partners in London, said the move was "another positive signal which markets will positively respond to in the US."
As the US government continues to try to steady the nation's financial system, Wheeldon said the UK needed to reform its banking regulation system.
"We need one regulator and that needs to be the Bank of England," he said.
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