Nov. 29 (Bloomberg) -- Russian stock futures slipped as crude oil, the country’s biggest export earner, maintained declines in London and New York.
Contracts on the RTS Index expiring next month fell 0.1 percent during trading hours in the U.S., where stock and bond markets were closed for the Thanksgiving holiday. The 30-stock Micex Index rose 0.3 percent to 1,479.46 in Moscow yesterday, trimming its monthly drop to 2 percent.
Futures on Russia’s currency expiring in March were little changed at 33.757 per dollar in New York hours. The ruble strengthened 0.1 percent to 33.1480 per dollar in Moscow yesterday, snapping a three-day drop, while the currency was steady at 38.5129 versus the central bank’s dollar-euro basket.
West Texas Intermediate crude oil retreated 0.1 percent in electronic trading on the New York Mercantile Exchange yesterday to $92.25 a barrel, holding at the lowest level since June. Oil and natural gas account for about 50 percent of budget revenue in Russia.
Brent oil for January settlement lost 0.4 percent to end the session at $110.86 a barrel on the London-based ICE Futures Europe exchange.
The RTS Volatility Index, which measures implied volatility of options on the gauge, gained 0.4 percent.
United Co. Rusal, a Moscow-based aluminum producer, rose 1.3 percent to HK$2.31 in Hong Kong trading as of 10:42 a.m. local time. The MSCI Asia Pacific Index fell 0.2 percent.
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