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Micex Climbs to 1-Month High as Stimulus Bets Spur Risk Appetite

Russian stocks rose to a one-month high as speculation U.S. and European policy makers will take steps to boost growth stoked appetite for riskier assets.

The Micex Index rose 0.6 percent to 1,346.43 by the close in Moscow, the highest level since May 12. The gauge was closed for trading on June 11 and 12 due to public holidays. OAO Gazprom Neft added 3 percent and preferred shares of OAO Surgutneftegas gained 2.8 percent. OAO Sberbank, the nation’s biggest lender, climbed 1.8 percent.