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Russia’S Financial Markets In August-September 2015

Author

Listed:
  • Elizaveta Khudko

    (Gaidar Institute for Economic Policy)

  • E. Gorbatikov

    (Gaidar Institute for Economic Policy)

Abstract

The period under review (between 31 August 2015 and 25 September 2015) saw moderate downtrend for all of the Russian major stock market indicators: the MICEX Index dropped 5.4%, including all sector indices except the Mechanical Engineering Index, and all blue chips showed downside dynamics. Capital outpfl ow during the month totalled $238.1m, more than $1bn on a year-to-date basis. The situation in the Russian corporate bond market remained complex. The key adverse development was driven by the weakening trend in activity of bond issuers and investors; issuers’ defaults on obligations to bondholders still remained a problem. Nevertheless, the key market indicators such as the corporate bond market volume and index and the weighted average yield rate of bond issuances showed moderate uptrend dynamics (especially in the fi nancial and technological segments of the market).

Suggested Citation

  • Elizaveta Khudko & E. Gorbatikov, 2015. "Russia’S Financial Markets In August-September 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 15-19, October.
    • Handle: RePEc:gai:recdev:592
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    More about this item

    Keywords

    Financial markets;

    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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