Global markets
How the Russian market connects to markets abroad, what foreign indices measure, and where access limits begin.
4 articles
Depositary receipts: a security on a securityAn instrument that lets a foreign share trade on a local exchange. It adds convenience and adds a link to the chain.
Developed and emerging markets: the practical differenceA classification by market depth and institutional quality, not by living standards. It drives capital flows and the risk premium.
How the Russian market connects to the worldThe link runs through commodities, interest rates and appetite for risk. Each channel works with its own strength and its own lag.
World indices: what each of them measuresIndices in different countries are computed differently and cover different parts of an economy. They cannot be compared directly.