Russia RTS Stock-Index Futures Gain as Oil, Commodities Rally
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Russia’s RTS stock-index futures rose, signaling stocks may climb today in Moscow, as commodities rallied and OAO Sberbank, the country’s biggest lender, posted a first-quarter profit that exceeded estimates.
Futures on the dollar-denominated index expiring in June rose 0.6 percent yesterday, paring the monthly decline to 5 percent. Contracts on OAO Rosneft, Russia’s biggest oil producer, fell 0.3 percent and OAO Lukoil, Russia’s second-biggest oil producer, rose 0.1 percent. Agreements on Sberbank gained 0.5 percent.