Stocks Rise 2nd Day as Sanctions Seen Tame: Russia Reality Check

Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent annexation of the Black Sea peninsula.

The Micex Index rose for a second day, jumping 2.3 percent to 1,401.64 by 12:40 p.m. in Moscow, trimming its loss since Feb. 28, a day before President Vladimir Putin’s intervention, to 3 percent. The yield on local-currency bonds due February 2027 fell nine basis points to 9.38 percent, curbing the increase in the period to 102 basis points. The ruble, which has advanced 0.6 percent since February, gained 0.4 percent to 35.668 per dollar.