TY  - JOUR
T1  - The Role of Macro-Economic Analysis in the Prediction of Russia’s Equity Market Movements
AU - Mazaev, Nikita Yurievich 
JO  - Journal of Engineering and Applied Sciences
VL  - 12
IS  - 4
SP  - 829
EP  - 833
PY  - 2017
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2017.829.833
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2017.829.833
KW  - Portfolio management
KW  -macro-economic analysis
KW  -top down analysis
KW  -top down analysis
KW  -PMI
KW  -Russian equity market
AB  - One of the key milestones of the modern top down/bottom up analysis is the assessment of a country’s economic level and growth prospects. In this study on the basis of leading and confirming macroeconomic indicators we offer a macroeconomic analysis and forecast for the nearest 3-6 months, according to which the RTS dollar index confirmed our expectations while the MICEX demonstrated a distinctly opposite dynamics. The key reason for this is the fact that the two indexes are calculated in different hard currency values: the RTS is done in US dollars while the MICEX-in Russian roubles. Relying on the results of the study, I made a conclusion that what is needed are structural, legal, geopolitical and business changes which introduction would allow us to have a better justified and truer assessment of the economic situation in the country by the equity market.
ER  -