RTS Futures Rise as Norilsk Gains on Stimulus: Russia
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Russian stock futures climbed and OAO GMK Norilsk Nickel rose for a fourth day in New York on speculation the Federal Reserve will approve monetary stimulus that will fuel demand for commodities.
The RTS stock-index futures added 0.3 percent to 135,020. The Bloomberg Russia-US Equity Index of the most-traded Russian companies listed in the U.S. gained 0.8 percent to 88.51 in New York yesterday. Norilsk, the world’s biggest nickel producer, and OAO Gazprom, the world’s biggest natural gas producer, jumped to one-month highs. OAO RusHydro led declines after Kommersant reported that the country’s largest hydropower company may hold a secondary public offering.