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.
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,...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine