World Economy

Russia’s MICEX Index Rises

Russia’s MICEX Index RisesRussia’s MICEX Index Rises

The ruble-traded MICEX is at its highest level in seven years. The impetus appears to come from Russia and the West uniting in their efforts to fight ISIS in the Middle East, RT reported. Traders are betting that the recent rapprochement may lead to the lifting of sanctions against Moscow. The MICEX got as high as 1865 points, and the index had slid back to 1,858, but is still up 33% this year. The dollar-denominated RTS Index has hit 900 points for the first time since July. RTS has risen 6% since the beginning of November. Overall, the index is more than 13% up this year.