Thursday 8 May 2014

Russian Stocks Rise After Putin Cools Ukraine Fears | News | The Moscow Times

Russian Stocks Rise After Putin Cools Ukraine Fears | News | The Moscow Times:



"Russian stock indexes made further gains on Thursday, as investors remained hopeful that tensions in Ukraine will ease after President Vladimir Putin's call on pro-Russian separatists in eastern Ukraine to delay a planned referendum.



Two and a half hours into trading on Thursday morning the dollar-denominated RTS stock index was up 1.2 percent at 1,243 points, while the ruble-denominated MICEX index was up 0.8 percent at 1,375 points.



The RTS rose 4.7 percent and MICEX 3.4 percent on Wednesday, when Putin called on pro-Russian separatists in the Donetsk and Luhansk regions to delay a referendum planned for May 11. The rebels are due to make a decision about the vote on Thursday.

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