RTS-Index Futures Decline as Europe Debt Crisis Reduces Demand

May. 25, 2011 08:14AM PST

Bloomberg reports Russia’s RTS stock-index futures fell amid concerns Europe’s sovereign debt crisis may reduce demand for Russia’s key exports.

The market news is quoted as saying,

Futures on the dollar-denominated index expiring in June fell 0.3 percent. Contracts on OAO Rosneft, the country’s biggest oil producer, and OAO Lukoil, the second-largest, each fell 0.3 percent. Futures on OAO Gazprom, the world’s top gas producer, also declined 0.3 percent.

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