Msci Stock News

Amidst Russia’s invasion of Ukraine, MSCI Inc. is removing Russian securities from the MSCI Emerging Markets Indexes after deeming the Russian equity market “uninvestable.” The index provider announced on Wednesday that on March 9 the MSCI Russia Indexes will be reclassified to “Standalone Markets” instead of “Emerging Markets” across all MSCI’s indexes “at a price that is effectively zero.”

Fitch, Moody''s Cut Russia''s Sovereign Rating To "Junk", Ruble Dives To Record Low Authored by Tom Ozimek via The Epoch Times, Rating agencies Fitch and Moody’s have downgraded Russia’s sovereign rating to junk status as a consequence of tough Western sanctions over the Kremlin-ordered invasion of Ukraine, sending the rouble plunging to a record low. Fitch downgraded Russia to “B” from “BBB” and put the country’s ratings on “rating watch negative.” Moody’s cut Russia’s rating by six notches, to B3 from Baa3. With the move, the two rating agencies followed in the footsteps of S&P, which last week similarly slashed Russia’s rating to junk. Russian bonds were already trading at low recovery values… Turbulence has roiled Russia’s financial markets as a result of harsh sanctions imposed over the attack on Ukraine, which on Thursday entered its eighth day as Ukrainian forces continued their resistance against the invading forces. Russia’s advance on Kyiv appeared stalled on Thursday and, despite heavy Russian shelling, Ukrainian forces still held Kharkiv and several other cities under attack, according to British military intelligence.

Amidst Russia’s invasion of Ukraine, MSCI Inc. is removing Russian securities from the MSCI Emerging Markets Indexes after deeming the Russian equity market “uninvestable.” The index provider announced on Wednesday that on March 9 the MSCI Russia Indexes will be reclassified to “Standalone Markets” instead of “Emerging Markets” across all MSCI’s indexes “at a price […] The post MSCI Removes Russian Securities From Emerging Markets Indexes After Deeming Them “Uninvestable” appeared first on ETF Trends .

HONG KONG, China: Asian stocks rose on Thursday after Federal Reserve (Fed) chief Jerome Powell said the bank would hike interest rates gradually to fight inflation, though oil jumped higher as the Ukraine war continues to roil energy markets. With the Russian invasion of its neighbor hammering all assets across the board as uncertainty reigns, traders were given a much-needed shaft of light on Wednesday when the US central banker eased concerns over its plans for tightening policy. Powell told lawmakers he favored a moderate pace of rate increases, with a 25-basis-point lift this month, as he tries to nurture the economic recovery while keeping a lid on prices, which are rising at their fastest pace in 40 years. He warned that the "near-term effects on the US economy of the invasion of Ukraine, the ongoing war, the sanctions and of events to come remain highly uncertain." The comments soothed concerns that officials could announce an aggressive 50-basis-point lift. The issue of Fed tightening has cast a pall over markets for months, bringing a near two-year rally to an abrupt end and that has now been compounded by the Ukraine crisis.

MSCI and FTSE Russell are cutting Russian equities from indexes, while the London Stock Exchange has suspended Russian depositary receipts.

Rabobank: You Can''t Trade Geopolitics By Michael Every of Rabobank *You* can''t trade geopolitics We aren''t in WW3 yet - despite worries Russia, not bad weather, just took down a Romanian military helicopter and jet - but this crisis is answering a question I have long pondered: how would our 24/7 clickbait, read-no-history, central-bank-liquidity-addled, algo-driven markets have traded WW2? The answer: stupidly. Every other day for six years they would have wondered if it was over yet. While the Battle of Stalingrad raged, they would ponder waterfront condos in the city centre. On D-Day they would have turned the TVs off and gone back to their desks, exactly like the traders I worked with at another bank did in 2003''s Iraq War after the statue of Saddam Hussein fell. "No more to see here." "What about insurgency, terrorism, Iran, and regional chaos?" “Shut up and buy assets." Of course, in WW2 markets were largely closed and stockbrokers had to fight too, as in Ukraine now, which changes one’s view of how to trade life.

Russia''s "Toxic" Stocks Cut By LSE, MSCI As Western Sanctions Hit Hard Russia''s financial connections with the rest of the world are getting severed by western sanctions. Since Monday, Moscow has kept its stock market closed, the longest closure since the 1998 Russian financial crisis, as offshore markets for Russian Global Depositary Receipts (GDRs) have been hammered. On Thursday, the London Stock Exchange (LSE) announced that trading for 27 companies with strong ties to Russia had been suspended hours after MSCI Inc. deleted Russian stocks from its widely-followed indices, according to Financial Times . LSE suspended trading for En+, Sberbank, Gazprom, Lukoil, Polyus, among a couple of dozen others. It said the move was due to "events in Ukraine, in light of market conditions, and in order to maintain orderly markets." Another index provider, MSCI, said market participants view the Russian market as "uninvestable" and will remove Russian securities from emerging market indexes effective on March 9.

London Stock Exchange suspends trading in 27 firms with strong links to Russia

The iShares MSCI Russia ETF dropped another 8.1% in premarket trading Thursday to fall further into record-low territory, in the wake of MSCI Inc.''s announcement that Russia''s equity markets were "uninvestable" given harsh sanctions in response to Russia''s invasion of Ukraine. The Russia ETF has plummeted 63.5% since the invasion began through Wednesday. Equity index provider MSCI had said on Wednesday that it was reclassifying MSCI Russia Indexes to "standalone markets" status from "emerging markets," with the reclassification implemented across all indexes at a price that is effectively zero as of the close of March 9. Separately, the London Stock Exchange said Thursday that trading in shares of Russia-based companies will be halted, joining the Deutsche Boerse, NYSE and the Nasdaq. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Equity index provider MSCI Inc. on Wednesday reclassified the MSCI Russian Indexes from "emerging markets" to "standalone markets" status, and called Russia's stock markets "uninvestable" in the wake

Amidst Russia's invasion of Ukraine, MSCI Inc. is removing Russian securities from the MSCI Emerging Markets Indexes after deeming the Russian equity market “uninvestable.” The index provider anno

FTSE Russell said Russia would also be deleted across all of its indices while S&P Dow Jones Indices and Morningstar have both launched consultations

More damaging news keeps flowing in for Russian markets as MSCI (MSCI) and FTSE Russell (LDNXF) cut the nation''s equities out of their widely-tracked indexes

ASSET management firms have suspended the dealing and valuation of unit trusts with significant exposure to Russia securities, as MSCI and FTSE Russell said they would drop Russia from their widely followed equity indexes.

IIFL expects India''s weightage in the MSCI EM index to increase by 30-35 basis points (bps) on account of Russia''s removal. Edelweiss expects an increase of about 15-20 bps.