Micex Index Rises First Time in Three Days: Russia Reality Check
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Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent annexation of the Black Sea peninsula.
The Micex Index rose for the first time in three days, adding 0.5 percent to 1,368.75 by 1:18 p.m. in Moscow, paring the loss since Feb. 28, a day before President Vladimir Putin’s intervention, to 5.3 percent. The yield on local-currency bonds due February 2027 rose nine basis points to 9.42 percent, extending the increase in the period to 106 basis points. The ruble, which has advanced 0.6 percent since February, lost 0.3 percent to 35.6625 per dollar.