Russia’s RTS Futures Advance as Commodities Pare Earlier Losses

- May 18th, 2011

Bloomberg 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.

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