Russian Stocks Jump Sixth Day as Putin Pledges to End Conflict - Bloomberg

Russian Stocks Jump Sixth Day as Putin Pledges to End Conflict - Bloomberg:



"Russian stocks gained for the sixth day, with the benchmark Micex Index headed for its strongest weekly performance since May, after President Vladimir Putin pledged to work to end the deadly conflict with Ukraine.



The Micex increased 0.6 percent to 1,416.53 at 3:21 p.m. in Moscow. The gauge rose 5 percent this week, the steepest such advance since the period ended May 9. Thirty-seven stocks climbed, while 12 retreated and one was unchanged. OAO Lukoil, Russia’s second-biggest natural gas producer, added 1.3 percent in the largest increase on the index.



Putin pledged yesterday to “do all we can” to bring the bloodshed in Ukraine to an end in a meeting with political leaders during a visit to the Crimea peninsula he annexed in March. European Commission President Jose Barroso agreed to meet with Putin to discuss relations between Moscow and the European Union, more than two weeks after the bloc imposed further sanctions on Russia."



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