@article{MAKHILLJEAS201712414182,
    title = {The Role of Macro-Economic Analysis in the Prediction of Russia’s Equity Market Movements},
    journal = {Journal of Engineering and Applied Sciences},
    volume = {12},
    number = {4},
    pages = {829-833},
    year = {2017},
    issn = {1816-949x},
    doi = {jeasci.2017.829.833},
    url = {https://makhillpublications.co/view-article.php?issn=1816-949x&doi=jeasci.2017.829.833},
    author = {Nikita Yurievich},
    keywords = {Portfolio management,macro-economic analysis,top down analysis,top down analysis,PMI,Russian equity market},
    abstract = {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.}
    }