MILES AXLE Translation. Region: Russian Federation –
Source: Central Bank of Russia –
In September, the Moscow Exchange Index grew for the first time since May — by 7.8%. The stock market was positively influenced, in particular, by news about dividends of individual companies.
The weakening of the ruble continued. Against this background, citizens sold more currency than they bought for the first time since August last year.
OFZ yields have increased, which has been accompanied by a negative revaluation of banks’ securities portfolios. However, its size is limited and does not have a significant impact on the overall stability of the banking sector.
Read more in the next issue “Review of Financial Market Risks”.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
http://vvv.kbr.ru/press/event/?id=21063
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.