Template-Type: ReDIF-Article 1.0
Author-Name:Elizaveta Khudko
Author-Name-First:  Elizaveta          
Author-Name-Last: Khudko
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:E. Gorbatikov
Author-Name-First:  E.          
Author-Name-Last: Gorbatikov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: RUSSIAN FINANCIAL MARKETS IN JUNE-JULY 2015
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.
Classification-JEL: E30, E31, C81, L11
Keywords: Russian Economy
Journal: Russian Economic Developments
Year: 2015
Issue: 8
Month: August
Pages: 10-13
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/572Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:572