Oct. 5 (Bloomberg) -- Prime Minister Vladimir Putin meets officials on this year’s grain harvest. Bank Rossii Chairman Sergey Ignatiev addresses lawmakers in parliament. Metalloinvest Holding Co. reports first-half earnings.
ALL TIMES +4 GMT
WHAT TO WATCH: *Russia’s services industry stagnated in September, HSBC Holdings Plc said in its monthly PMI survey today. *Putin is due to discuss grain production and other issues with senior officials after 3 p.m. *Ignatiev is due to address a plenary session of the State Duma after 11 a.m. *The Federal Statistics Service may publish weekly consumer price changes. *Metalloinvest, billionaire Alisher Usmanov’s holding company, is due to report first-half earnings after 10 a.m.
EQUITY MOVERS: *VTB Group’s consolidation of the Bank of Moscow “will not negatively affect” the lender’s results, Deputy Chairman Herbert Moos said yesterday.
MARKETS: *The 30-stock Micex Index fell 5.7 percent to 1,267.77 and the dollar-denominated RTS Index dropped 5.2 percent to 1,224.92. *Russia’s benchmark 2018 ruble Eurobond fell, pushing the yield up 38 basis points to 8.806 percent. *The ruble weakened 0.4 percent to 32.72 per dollar and 0.4 percent to 43.47 per euro. *The MSCI Emerging Markets Index rose 0.3 percent to 833.95 at 9 a.m. *Crude for November delivery gained 3 percent to $78 a barrel on the New York Mercantile Exchange at 9 a.m. *Brent crude rose 1.8 percent to $101.59 a barrel on the London-based ICE Futures Europe exchange at 9 a.m. *Gold for immediate delivery rose 0.3 percent to 1,628.15 an ounce at 9 a.m.
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