Futures Rise as Putin Vows to Cut State Role: Russia Overnight
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Russian equity futures rose as Prime Minister Vladimir Putin pledged to reduce government involvement in the economy and stocks traded at the cheapest level among emerging markets for the first time in two months.
Futures expiring in March on Moscow’s dollar-denominated RTS index added 0.9 percent to 155,660 in U.S. trading yesterday and an index measuring volatility in futures trading slid to the lowest level since August. Polyus Gold International Ltd. slipped the most since Jan. 17 after reporting that 2011 earnings trailed analysts’ forecasts.