RUSSIA’S FINANCIAL MARKETS IN AUGUST 2015

Elizaveta Khudko and Evgenii Gorbatikov

Russian Economic Development, 2015, issue 9, 9-13

Abstract: The MICEX Index in August showed a growth of more than 7% with an average of 1677 index points regardless of the fact that crude oil prices saw a downside trend. All of the Industry Indices were growing, of which the Chemical and Petrochemical Index advansed higher than others (+17.2%). Russia-focused mutual funds continued to see investments outflow for the fourteenth straight week, almost $880m since the beginning of the year. The situation in the Russian domestic corporate bond market deteriorated gradually due to adverse trends in the external markets. The key adverse developments were driven by the weighted average yield rate of bond issuances, and issuers’ defaults on obligations to bondholders still remained a problem. Nevertheless, the key market indicators such as the corporate bond market volume and index followed moderately positive dynamics; investors’ activity in the primary and secondary markets was kept at an average level.

Keywords: Financial markets; Russian economy (search for similar items in EconPapers)
JEL-codes: C81 E30 E31 L11 (search for similar items in EconPapers)
Date: 2015
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