Russia’s RTS stock market gained almost five percent and the MICEX over three percent on Friday, with the ruble gaining against the U.S. dollar, following the announcement by EU leaders of an agreeement on capital injections for banks.
That spurred in increase in investors’ appetite for risk.
The MICEX was up 3.2 percent to 1,385.67 at 4:50 p.m. Moscow time, while the RTS was up 4.8 percent to 1,341.81.