Economics
Russian Stocks Posts 13th Weekly Advance on Metals, U.S. Data
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Russian stocks rose for 13th consecutive week as raw materials prices gained after jobs and housing data in the U.S. bolstered confidence in the global economic recovery.
OAO Raspadskaya, a Russian coal producer, rose 1.9 percent, a day after resuming production at its main mine. OAO Novolipetsk Steel, the country’s largest steelmaker by market value, added 4 percent. Oil producer OAO Rosneft increased 1 percent, helping push the Micex Index 0.4 percent higher to 1,666.84 in Moscow, bringing its weekly increase to 0.6 percent.