Russia’s RTS stock-index futures fell, signaling stocks may drop for a second day in Moscow, as investors considered whether the U.S. Federal Reserve will take measures to stimulate the world’s largest economy.
Russia’s RTS stock-index futures were little changed as a report that U.S. manufacturing almost stalled in July offset expectations that the U.S. House of Representatives may agree to raise the country’s debt ceiling.
The month-long slump that has made Brazil’s real the worst performer in Latin America may deepen as Bank of America Corp. and Barclays Plc say investment will slow before the vote to replace President Luiz Inacio Lula da Silva .
State oil company Petroleos de Venezuela SA sold $1.04 billion of dollar-denominated bonds due in 2014 in its first debt offering in 10 months. The sale pushed down Venezuelan bond prices on concern it will add to a supply glut.
Petroleos de Venezuela SA bonds plunged, pushing yields up the most in three months, after the U.S. announced sanctions on the state-owned oil company for supporting Iran’s energy industry in ways that might aid the country’s alleged “illicit” nuclear activities.