Watch Live

Tweet TWEET

RUSSIA DAYBOOK: RSPP Meets; Tatneft, Eurasia, Sitronics Report

Russia’s big-business lobby, the RSPP, holds board meeting in Moscow. UN Secretary General Ban Ki-moon visits Russia. OAO Tatneft (TATN), Eurasia Drilling Co., OAO Sitronics report 2010 earnings.

ALL TIMES GMT +4

WHAT TO WATCH: *Russia’s Union of Entrepreneurs and Industrialists, a lobby group for the country’s biggest businesses, will hold a board meeting at 10 a.m. as part of its annual Russian Business week. *UN Secretary General Ban Ki-moon meets with Russian leaders.

EQUITY MOVERS: *Eurasia Drilling holds its first conference call at 12 p.m. after releasing 2010 results. *Cherkizovo Group CEO Sergei Mikhailov speaks to reporters. *Sitronics CEO Sergei Aslanian speaks to reporters at 1:30 p.m. after the AFK Sistema unit discloses 2010 earnings. *Tatneft may release 2010 financial results. *Magnitogorsk Iron & Steel may reporter first-quarter output.

MARKETS: *The Micex Index (INDEXCF) added 1.58 percent to 1,783.38. *The RTS Index (RTSI$) rose 2.2 percent to 2,030.97. *Russia’s benchmark 2018 ruble Eurobond rose 0.7 percent, pushing the yield down to 6.940 percent at the close of trading. *The ruble gained 0.9 percent to 28.0725 per dollar and weakened 0.9 percent to 40.7924 to the euro. *The MSCI Emerging Markets Index (MXEF) gained for a third day, adding 0.7 percent to 1,203.57 at 8:37 a.m. *Crude for May delivery gained 0.6 percent in New York to $112.19 a barrel at 8:38 a.m. *Brent crude for June settlement gained 0.6 percent in London to $124.57 a barrel at 8:38 a.m. *Gold for immediate delivery rose 0.3 percent in London to $1,506.35 an ounce at 8:39 a.m.

To contact the reporters on this story: Stephen Bierman in Moscow Sbierman1@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.