Russia Stocks Post Longest Rally Since 2005 as Ruble Gains - Bloomberg:
"The Micex Index (INDEXCF) rose for a 10th day in the longest winning streak in nine years on bets President Vladimir Putin’s meeting with his Ukrainian counterpart next week will reduce tension. The ruble strengthened.
The gauge added 1 percent to 1,461.75, bringing the 10-day advance to 9.6 percent, the biggest stretch of gains since the 11 days ended Sept. 2, 2005. The ruble appreciated for the first time in three days, strengthening 0.2 percent to 36.24 per dollar by 6 p.m. in Moscow, when the central bank stops its market operations.
President Petro Poroshenko andPutin agreed to meet in Minsk on Aug. 26 to discuss de-escalation, triggering bets the standoff over Ukraine may be closer to a resolution. U.S.-based exchange-traded funds investing in Russian shares have had inflows of $110 million since Aug. 7, equivalent to 4.9 percent of their market value, data compiled by Bloomberg show."
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