The ruble strengthened versus the euro for the first day in almost a week after European Central Bank President Jean-Claude Trichet said risk signals for financial stability in the euro area are flashing “red.” Russia’s currency appreciated 0.4 percent to 40.1086 per euro as of 10:33 a.m. in Moscow, the first day of gains since June 16. The ruble was 0.2 percent weaker at 28.05 per dollar, leaving it little changed at 33.4793 versus the central bank’s target dollar-euro basket. “On a personal basis I would say, ‘Yes, it is red,’ Trichet said late yesterday in Frankfurt after a meeting of the European Systemic Risk Board, referring to the group’s planned ‘‘dashboard’’ to monitor risks. The link between debt problems and banks ‘‘is the most serious threat to financial stability in the European Union,’’ he said. To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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