RUSSIA DAYBOOK: Putin on Ruble, Sechin on Energy, BP Hearings

Prime Minister Vladimir Putin hosts a government meeting on currency policy. Deputy Prime Minister Igor Sechin hosts a government meeting on energy policy. Arbitration hearings start for BP Plc (BP/) and its billionaire partners in the TNK-BP venture. The central bank publishes weekly currency and gold reserves data. The central bank auctions short-term OBR notes. Novolipetsk reports.


WHAT TO WATCH: *Sechin chairs a government meeting on energy policy at 10 a.m. *The central bank reports weekly currency reserves after 10 a.m. *Putin chairs a government meeting on currency cooperation with Belarus and Kazakhstan at 1 p.m. *Russia’s central bank offers 10 billion rubles ($366 million) of short-term central bank OBR notes at auction after 1 p.m. *A London arbitration panel begins a new round of hearings in BP’s dispute with its billionaire partners in TNK-BP over the U.K. oil producer’s planned share swap with OAO Rosneft.

EQUITY MOVERS: *OAO Novolipetsk Steel is scheduled to report first-quarter earnings to Russian accounting standards after 10 a.m. *Fesco Transportation Group, a Russian shipper, is due to report full-year earnings after 10 a.m. *O’Key Group SA is due to hold a conference call with investors.

MARKETS: *The Micex Index (INDEXCF) fell 2 percent to 1,657.54 *The dollar-denominated RTS Index (RTSI$) dropped 1.4 percent to 1,949.94. *Russia’s benchmark 2018 ruble Eurobond gained 0.2 percent, lowering the yield 39 basis points to 6.669 percent yesterday. *The ruble strengthened 0.7 percent to 27.1699 per dollar and traded little changed at 40.5550 per euro. *The MSCI (MXEF) Emerging Markets Index fell 0.2 percent to 1,168.62 at 8:43 a.m. *Crude for June delivery declined 0.3 percent to $108.94 a barrel on the New York Mercantile Exchange at 8:44 a.m. *Brent crude was little changed to $121.20 at 8:44 a.m. *Gold for immediate delivery gained 0.3 percent to $1,521.30 an ounce at 8:32 a.m.

To contact the reporter on this story: Jason Corcoran in Moscow at

To contact the editor responsible for this story: Stephen Kirkland at

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.