Essays about: "Macroeconomic News"

Showing result 11 - 15 of 15 essays containing the words Macroeconomic News.

1. 11. Measuring Swedish Investor Sentiment and its Effect on Stock Market Response to Earnings News

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Samuel Sjöström; Carl Magnus Lindblom; [2013]
   Keywords : Investor sentiment; Earnings response; Swedish capital markets; Efficient market hypothesis; Behavioral finance;

   Abstract : The purpose of this thesis is to examine whether the Swedish stock market reacts differently to earnings announcements during periods of high investor sentiment than during periods of low investor sentiment. We define investor sentiment as investor beliefs about future cash flows or discount rates not supported by prevailing economic and financial fundamentals. READ MORE

3. 12. Asymmetric Relationships and the Cross Section of Stock Returns

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Viktor Thell; [2012]
   Keywords : Asymmetry; Idiosyncratic Skewness; State Dependence; Higher Order Moments; Macroeconomic News;

   Abstract : This thesis consists of two different papers within the field of Asset Pricing, which study asymmetric relationships in the Cross-Section of Stock Returns: "State Dependence of Macroeconomic Announcement Betas and the Cross-Section of Stock Returns" and "Idiosyncratic Higher Order Moments in the Cross-Section of Stock Returns". In the first paper I examine the relationship between macroeconomic data releases and stock prices. READ MORE

4. 13. The Intraday Dynamics of Stock Returns and Trading Activity: Evidence from OMXS 30

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Veronika Lunina; Tetiana Dzhumurat; [2011]
   Keywords : intraday periodicity; return responses; trading volume; Business and Economics;

   Abstract : In this study we analyze the intraday behaviour of stock returns and trading volume using the data on OMXS 30 stocks. We find that returns follow a reverse J-shaped pattern with the peak at the beginning of the trading day, while trading volume attains its maximum towards at the market closure. READ MORE

5. 14. Publishing interest rate forecasts - how does the market react?: An analysis of market reactions since Norges Bank introduced forecasts for the key policy rate

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Kristin Solberg-Johansen; [2007]
   Keywords : central bank transparency; interest rate forecasts; market reactions to macroeconomic news; Norway;

   Abstract : The aim of this study is to evaluate some aspects of how Norges Bank’s forecasts for the key policy interest rate have affected market behaviour, and more precisely the volatility of short money market interest rates. The main theoretical arguments in favour of central bank forecasts for the key policy rate are related to improved management of expectations, and the results from this study indicate that private sector expectations have become better aligned with central bank reactions after the forecasts were introduced. READ MORE

6. 15. Stock Market Reactions to Macroeconomic Announcements: The Dynamics of the Price Adjustment Process

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Martin Nilsson Erleman; Mathias Wallestam; [2007]
   Keywords : price adjustment; market effeciency; algorithmic trading; DAX Index Future; volatility patterns;

   Abstract : The link between information and changes in asset prices is central to financial economics. A fundamental tenet of market efficiency is that investors react to new information as it arrives, resulting in price changes that reflect investors’ expectations of risk and return. READ MORE