(Bloomberg) -- The iShares MSCI Emerging Markets Index exchange-traded fund advanced for a second day as factory output data in the euro-area and the U.S. climbed. OAO Gazprom jumped the most in a month amid an increase in crude oil.

The developing-nation ETF rose 0.7% to $41.22. The MSCI Emerging Markets Index retreated less than 0.1% to 990.40. Gazprom led gains in Russia’s Micex Index as a rally in oil boosted appetite for equities in the world’s largest energy exporter. Brazil’s Ibovespa climbed from a 15-week low as Gafisa SA led homebuilder stocks higher. Ukrainian bonds advanced on speculation the nation’s government may receive as much as $15 billion in loans from Russia to shore up its finances.

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