Russian stocks set for longest rally since 2005 on Putin meeting

Russian stocks rose for a 10th day, the longest winning streak in nine years.

21st August, 2014
Russian President Vladimir Putin will meet Ukrainian President Petro Poroshenko in Minsk next week

Russian stocks rose for a 10th day, the longest winning streak in nine years, as investors speculate a meeting next week between President Vladimir Putin and his Ukrainian counterpart will reduce tension.

The Micex Index climbed 0.3 per cent to 1,451.48 at 1:20 p.m. in Moscow, bringing the 10-day advance to 8.8 per cent, the biggest stretch of gains since the 11 days ended Sept. 2, 2005.

Thirty-five of the measure’s 50 members increased, led by OAO Sberbank, Russia’s biggest lender,...

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