Presidential Election Results and President Vladimir Putin

President Vladimir Putin: Indonesia s benchmark rose for a second day before the release of presidential election results tomorrow. The Micex Index fell the most since March in Moscow as President Vladimir Putin faced mounting international pressure after the downing of the Malaysian passenger jet in Ukraine. The Shanghai Composite Index declined amid concern new share sales may divert funds from existing shares, according to Bloomberg. Investors got very excited by the prospect of an opposition win, bringing in more business-friendly measures, Otavio Vieira, a partner at hedge fund Fides Asset Management, said by phone from Rio de Janeiro . The market is pricing in a change in government. The possibility is there, as the polls show and Emerging-market stocks rose for a second-day as Brazilian state-run companies gained on speculation a new government will boost economic growth, outweighing declines in Russian shares. The iShares Emerging Markets ETF advanced 0.3 percent to $44.31. The Brazilian state-controlled oil producer Petroleo Brasileiro SA led the Ibovespa to a four-month high in Sao Paulo as a voter poll dimmed the prospects for President Dilma Rousseffs re-election bid. (news.financializer.com). As reported in the news.