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, Eurasia Drilling Co., OAO Sitronics report 2010 earnings.


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 added 1.58 percent to 1,783.38. *The RTS Index 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 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.

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