U.S. stock futures advanced, indicating equities will halt five days of losses, as investors weighed data showing employers added more workers than forecast in November to gauge the timing of Fed stimulus cuts.
OAO Lukoil, Russia’s second-largest oil producer, plans to begin commercial production in Iraq as soon as March, prompting UralSib Capital to reiterate its buy recommendation on a stock trading at the cheapest in four years versus peers.
OAO Mechel, Russia’s largest maker of coal for steelmakers, fell for a second day in New York as concern that prices for the fuel are dropping outweighed a pact that will allow the company to avoid defaulting on its debt.
Luxoft Holding Inc., the software development unit of Moscow-based IBS Group Holding Ltd., rallied to the highest level in five months in New York on prospects the company will benefit from revenue outside of Russia.
OAO Mobile TeleSystems, Russia’s largest wireless carrier, fell in New York on concern sales will falter amid an economic slowdown. The stock’s premium to its price in Moscow shrank to the smallest in eight years.
Russia’s telecommunications Minister Nikolay Nikiforov said a possible merger of OAO Rostelecom’s mobile assets with VTB Group’s Tele2 Russia would boost competition for the nation’s three largest carriers.