Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Russia’s Micex Index Falls Second Day on Global Growth Concern

Russian stocks declined a second day, extending the Micex Index’s annual loss, on concern global economic growth will slow, hurting exports from the world’s largest energy supplier.

The 30-stock Micex fell 0.2 percent to 1,383.09 at the close in Moscow, pushing this year’s decrease to 18 percent. The dollar-measured RTS Index slid 1.2 percent to 1,382.19.

Stocks dipped as oil, the country’s biggest export, fell for the first time in seven days as a surge in the European Central Bank’s balance sheet to a record highlighted the growing risks of the region’s debt crisis.

VTB Group, a Russian state-run lender, declined 1.2 percent to 0.5923 rubles. OAO Mobile TeleSystems, Russia’s largest mobile-phone operator, dipped 1.6 percent to 179.78 rubles.

There’s “no significant positivity” for Russian stocks today, so markets are following Asia lower, UralSib Capital, a Moscow-based brokerage, said in a research note.

Economic reports today showed Japan’s industrial production dropped and confidence among South Korean manufacturers sank to a 30-month low. U.S. home prices fell more than projected in October even as consumer confidence gained in December to an eight-month high, data showed yesterday.

OAO Mechel, the largest supplier of coal to Russian steelmakers, declined 2.7 percent to 256 rubles, while another coal producer OAO Raspadskaya fell 0.9 percent to 101.15 rubles.

Russia evacuated some coal mines in Siberia after a magnitude 6.7 earthquake struck the Tuva region, the Emergency Ministry said. Work is resuming and safety checks are continuing, the ministry said. No injuries were reported.

Oil for February delivery fell as much as 1.4 percent in electronic trading on the New York Mercantile Exchange.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.