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Russian Financial Markets In June-July 2015

Author

Listed:
  • Elizaveta Khudko

    (Gaidar Institute for Economic Policy)

  • E. Gorbatikov

    (Gaidar Institute for Economic Policy)

Abstract

As in June, the MICEX Index in July was fluctuating near 1630 index points. However, it ended at the lowest in the period under review, down 3% within the month. The Oil & Gas Index fell and the oil & gas industry lost near 1% in the MICEX capitalization structure due to more than a 13% fall of oil prices. The Chemical and Petrochemical Index advanced higher than other industry indices. The MICEX daily average turnover declined for the third straight month. The situation in the Russian domestic corporate bond market was relatively normal despite adverse external environment and negative internal trends in the economy. The key market indicators such as the corporate bond market volume and index, the weighted average yield rate of bond issuances; investors’ activity remained high in the primary and secondary markets (particularly in the fi nancial segment). Defaults on obligations to bondholders still remained a problem.

Suggested Citation

  • Elizaveta Khudko & E. Gorbatikov, 2015. "Russian Financial Markets In June-July 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 10-13, August.
    • Handle: RePEc:gai:recdev:572
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    More about this item

    Keywords

    Russian Economy;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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