RTS Futures Rally as Magnit Buoys Profit View: Russia Overnight
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Russian stock futures climbed as oil rallied and OAO Magnit’s better-than-estimated earnings stoked optimism for 2012 corporate results.
Futures expiring in March on the dollar-denominated RTS Index rose 0.4 percent to 159,640 in New York hours yesterday. The ruble strengthened in late trading, climbing 0.2 percent versus the dollar-euro basket used to manage its movements. The Bloomberg Russia-US Equity Index of Russian companies listed in the U.S. added 0.2 percent, led by gains in OAO Mobile TeleSystems and Polyus Gold International Ltd.