Putin Return Lifts Futures as Gazprom Advances: Russia Overnight
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Russian stock futures climbed as Vladimir Putin returned to Russia’s presidency for a third term promising to forge ahead with state asset sales and improve the nation’s investment climate.
Futures expiring in June on Moscow’s dollar-denominated RTS Index added 0.6 percent to 143,745 in New York trading. American depositary receipts of OAO Gazprom, Russia’s biggest company and the world’s largest natural gas producer, rallied from their lowest level this year, while OAO Mobile TeleSystems, the nation’s biggest mobile-phone operator, gained the most in more than a week.