Bloomberg News

Russian Stocks Fall Second Day as Oil Declines on Europe Woes

July 06, 2012

Russian stocks fell for a second day as oil dropped and as interest-rate cuts in Europe and China failed to assure investors the moves will be enough to boost economic growth.

The 30-stock Micex Index declined 0.2 percent to 1,433.09 at the start of trading in Moscow. Aluminum maker United Co. Rusal slipped 1.1 percent to 183.55 rubles and coal producer OAO Raspadskaya dropped 0.8 percent to 82.01 rubles.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net


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