Sept. 16 (Bloomberg) -- Prime Minister Vladimir Putin is scheduled to speak at the Sochi Economic Forum in southern Russia. OAO Gazprom plans to add Electricite de France SA and BASF SE as partners on the South Stream gas pipeline project.
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WHAT TO WATCH: *Putin speaks at the Sochi Investment Forum at 1:00 p.m. *President Dmitry Medvedev may meet the Security Council. *The Federal Statistics Service may report retail sales, wages, unemployment and producer prices. *Alfa Bank is scheduled to hold a conference on the agriculture industry.
EQUITY MOVERS: *OAO Russian Sea is scheduled to report first-half earnings. *Gazprom is set to sign an agreement bringing EDF and BASF into the South Stream gas link project as partners, each with 15 percent stakes. Eni SpA’s share will fall to 20 percent, while Gazprom will continue to hold 50 percent. *Crude oil climbed and gold fell yesterday following the European Central Bank’s announcement that it will lend euro-area banks dollars to help rein in the regional credit crisis.
MARKETS: *The 30-stock Micex Index rose for a third day in a row, adding 1.4 percent to 1,525.28. The dollar-denominated RTS Index added 2.1 percent to 1,603.39. *Russia’s benchmark 2018 ruble Eurobond fell, pushing the yield up eight basis points to 7.088 percent. *The Russian currency strengthened 0.2 percent to 30.3975 rubles per dollar and weakened 1 percent versus the euro to 42.1000. *The MSCI Emerging Markets Index rose 1.7 percent to 980.39 at 8:54 a.m. *Crude for October delivery rose 0.2 percent to $89.56 a barrel on the New York Mercantile Exchange *Brent crude for November delivery rose 0.5 percent to $112.82 a barrel in London. *Gold for immediate delivery dropped 1.3 percent to $1,766.30 an ounce.
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