The Micex Index of stocks fell 0.4 percent, leaving it 14 percent lower this year. The RTS Index of dollar-denominated shares has slumped 20 percent this year, the worst performance among 93 indexes tracked by Bloomberg worldwide.
“The Fed’s possible cut in its bond purchases may add to worries that funds will flow out of emerging markets,” Wei Wei, an analyst at West China Securities Co., said in Shanghai. “The tussle between Russia and the U.S. will impact the financial markets by curbing investors’ risk appetite.”
The Hang Seng China Enterprises Index of Chinese companies listed in Hong slid 1 percent today, while the Shanghai Composite Index gained 0.3 percent. India’s Sensex lost 0.2 percent.
West Texas Intermediate oil dropped to $99.72 a barrel in New York. Crude stockpiles probably increased by 2.2 million barrels to 399.9 million last week, according to a Bloomberg News survey before government data today.
Gold fell 0.6 percent to $1,288.60 an ounce. Arabica coffee has jumped 19 percent this month, leading commodity gains amid a drought in Brazil, the largest producer of the beans, while nickel climbed 15 percent after an ore export ban in Indonesia.
In Europe, BNP Paribas SA fell 4 percent after France’s largest bank said it may need to pay much more than the $1.1 billion it set aside for alleged U.S. sanctions breaches. Banco Bilbao Vizcaya Argentaria SA slipped 1.2 percent after reporting a drop in first quarter profit.
Alstom SA surged 9.4 percent in its first day of trading since April 24. People familiar with the matter said the French maker of power equipment and the high-speed TGV trains approved plans to start official talks with General Electric Co. about the sale of its energy business.
Scania AB advanced 2.8 percent after Volkswagen AG extended the offer period for its 6.7 billion-euro ($9.3 billion) bid for the rest of the truckmaker.
Norway’s krone strengthened 0.7 percent against the dollar and 0.4 percent per euro. Retail sales rose 1 percent, versus analyst estimates for an unchanged reading, based on the median forecast in a Bloomberg News survey.
The yield on Germany’s 10-year bund added two basis points to 1.52 percent. The annual inflation rate in the euro area increased to 0.7 percent from 0.5 percent in March, the European Union’s statistics office in Luxembourg said today. That’s below the 0.8 percent median forecast in a Bloomberg News survey of 37 economists.
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