A slight surprise given anecdotal stories of a cruising economy, Russia's PMI falls by the most...

|By:, SA News Editor

A slight surprise given anecdotal stories of a cruising economy, Russia's PMI falls by the most in 30 months to 52.1 in April from 55.6 previously. HSBC economist Alexander Morozov sees slowing export orders as behind the decline. The ruble grinds higher, +0.3% vs. the euro. Shares -0.7%. RSX +7.6% YTD.