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Russia’S Financial Markets In August 2015

Author

Listed:
  • Elizaveta Khudko

    (Gaidar Institute for Economic Policy)

  • E.Gorbatikov

    (Gaidar Institute for Economic Policy)

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.

Suggested Citation

  • Elizaveta Khudko & E.Gorbatikov, 2015. "Russia’S Financial Markets In August 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 9-13, September.
    • Handle: RePEc:gai:recdev:580
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    More about this item

    Keywords

    Financial markets; 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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