Prospects that Mikhail Khodorkovsky, the former Russian billionaire jailed a decade ago, will be freed in an amnesty program is leading Swedbank Robur and Prosperity Capital Management to predict a stock market rally.
Russian stocks swung between gains and losses as crude oil, the nation’s chief export earner, rose, while OAO Pharmstandard slid on its planned exclusion from the nation’s benchmark gauge this month.
Russian stocks fell for a third day as steelmakers retreated on lower metal prices amid bets the Federal Reserve may start paring stimulus.
OAO Gazprom declined to a three-month low in New York amid the biggest political protests since 2004 in Ukraine, a key route for natural gas shipments to the European Union.
OAO MegaFon, Russia’s second-largest mobile-phone operator, will extend declines after its biggest monthly slump on record as the stock is still expensive, according to Renaissance Capital Ltd.
Russian stocks advanced after China’s manufacturing beat estimates, boosting appetite for commodity producer shares.
Russian stock futures slipped as crude oil, the country’s biggest export earner, maintained declines in London and New York.
Russian stocks were set for the worst monthly decline in six as the nation’s biggest coking-coal producer OAO Mechel extended its steepest decline on record for the period.
Russian stocks gained for the first time in four days as some investors speculated declines this week were overdone.
Russian stocks fell for a third day as oil, the nation’s chief export earner, declined, trimming appetite for equities in the world’s biggest energy exporter.