Russia Stocks Pare Worst Week Since June After U.S. Payrolls
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Russian stocks rose, paring their biggest weekly decline since June, as weaker-than-expected U.S. jobs data eased concern the Federal Reserve will speed up tapering stimulus.
The Micex Index gained 0.3 percent to 1,469.19 by close in Moscow, after earlier dropping as much as 0.7 percent. The measure fell 2.3 percent this week, the most since the period ended June 14. OAO Sberbank, Russia’s largest lender, climbed 1.5 percent and was the biggest gainer on the Micex.