Russia Stocks Gain Fifth Day as Ruble Rebounds on Putin Comments

August 14, 2014 10:43 AM

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Russian stocks climbed for the fifth day as President Vladimir Putin said the country will do all it can to stop the conflict in Ukraine. The ruble rebounded and the bonds advanced.

The Micex Index (INDEXCF) rose 0.6 percent to 1,407.52 by 2:40 p.m. in Moscow. Russia’s currency strengthened 0.3 percent to 35.8995 per dollar after weakening as much as 0.3 percent. The yield on 10-year bonds headed for the best week since 2010.

Also read: Russia plans Yuan OFZ bond roadshow on Dec. 22-23

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