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Russia’s RTS Futures Advance as Commodities Pare Earlier Losses
May. 18, 2011 08:14AM PST
Precious MetalsBloomberg reports Russia’s RTS stock-index futures gained, signaling stocks may rise from the lowest level in more than five months in Moscow.
Bloomberg reports Russia’s RTS stock-index futures gained, signaling stocks may rise from the lowest level in more than five months in Moscow.
The market news is quoted as saying,
“Russia is seen as a commodity trade,” New York-based Chris Osborne, chief executive officer of Troika Dialog USA, a unit of Russia’s oldest investment bank, said in an e-mail.
Russia is the world’s largest energy exporter and a producer of metals including nickel, palladium and aluminum. Oil and natural gas account for a quarter of economic output.