Temat: announcements - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: The Impact of US Macroeconomic News on the Prices of Single Stocks on the Vienna Stock Exchange
Autorzy:: Wójtowicz, Tomasz
Gurgul, Henryk
Mitterer, Christoph
Powiązania:: https://bibliotekanauki.pl/articles/2075347.pdf
Data publikacji:: 2021
Wydawca:: Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:: event study
macroeconomic announcements
intraday data
Opis:: Recent studies have shown that announcements of information about the state of the US economy have had a significant impact on European stock markets. However, the importance of information about the US economy may vary in time. In order to analyze this issue, we examine the impact of announcements of unexpected US macroeconomic news on the prices of selected stocks listed on the Vienna Stocks Exchange. On the basis of the 5-minute returns of 13 stocks we examine how the strength and the significance of the reactions of investors to unexpected macroeconomic news from the US has changed over the last 15 years. Event study methodology allows us to describe precisely such reactions in the first minutes after news announcements
Źródło:: Central European Journal of Economic Modelling and Econometrics; 2021, 3; 287-329
2080-0886
2080-119X
Pojawia się w:: Central European Journal of Economic Modelling and Econometrics
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: THE APPLICATION OF DISCRIMINANT ANALYSIS IN FORECASTING OF INVESTORS REACTION TO MACROECONOMIC NEWS ANNOUNCEMENTS
Autorzy:: Wójtowicz, Tomasz
Powiązania:: https://bibliotekanauki.pl/articles/453577.pdf
Data publikacji:: 2014
Wydawca:: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Katedra Ekonometrii i Statystyki
Tematy:: macroeconomic news announcements
intraday data
discriminant analysis
nonfarm payrolls
Opis:: Macroeconomic news announcements, particularly concerning the U.S. economy, have a significant impact on stock markets. Recent studies show that stock prices react significantly as soon as macroeconomic news is announced. However, the strength of the reaction and its duration depends on the market and on the news announced. In this paper, we study the applicability of discriminant analysis in the prediction of direction of changes of the main indices of stock exchanges in Warsaw and Vienna after release of the Employment Report by the U.S. Bureau of Labor Statistics.
Źródło:: Metody Ilościowe w Badaniach Ekonomicznych; 2014, 15, 2; 252-260
2082-792X
Pojawia się w:: Metody Ilościowe w Badaniach Ekonomicznych
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 3.

Tytuł:: Changes in the impact of US macroeconomic news on financial markets the example of the Warsaw Stock Exchange
Autorzy:: Gurgul, Henryk
Hastenteufel, Jessica
Wójtowicz, Tomasz
Powiązania:: https://bibliotekanauki.pl/articles/1917113.pdf
Data publikacji:: 2021-12-08
Wydawca:: Główny Urząd Statystyczny
Tematy:: event study
macroeconomic announcements
intraday data
Warsaw Stock Exchange
Opis:: Due to the high importance of the American economy, in the past, announcements of US macroeconomic data were shown to have a significant impact on financial markets in general, and on European stock markets in particular. However, as this effect may vary in time, this paper examines the changes in the impact of US macroeconomic news on the WIG20, the main index of the Warsaw Stock Exchange. Based on intraday data from 2004- 2019 we study the changes in significance and in the strength of the reaction of WIG20 to announcements of unexpected values of 13 indicators describing the American economy. On the basis of the event study analysis, we describe the reaction of the WIG20 index in the first few minutes after these kinds of announcements.
Źródło:: Statistics in Transition new series; 2021, 22, 4; 41-58
1234-7655
Pojawia się w:: Statistics in Transition new series
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 4.

Tytuł:: How to define macroeconomic announcement surprises? An example of the impact of US macroeconomic news on stock prices on the Warsaw Stock Exchange
Autorzy:: Wójtowicz, Tomasz
Powiązania:: https://bibliotekanauki.pl/articles/2175391.pdf
Data publikacji:: 2022
Wydawca:: Akademia Górniczo-Hutnicza im. Stanisława Staszica w Krakowie. Wydawnictwo AGH
Tematy:: unexpected news
macroeconomic announcements
intraday data
Warsaw Stock Exchange
Opis:: The definition of a news surprise plays a crucial role in the analysis of the impact of unexpected macroeconomic news announcements. In this paper, we study the properties of the most commonly used measure of news surprise, defined as the difference between the announced and expected value of the indicator. Due to the high vulnerability of this measure to outliers, we consider alternative definitions of macroeconomic surprises. Based on the analysis of announcements of 15 American macroeconomic indicators, we show that taking into account the heterogeneity of analysts’ forecasts or the variability of the previous surprises, noticeably improves the properties of the distribution of surprise measures. An additional study performed with the use of a dynamic model proves a strong linear relationship between surprise measures and WIG20 returns in the first five minutes after news announcements.
Źródło:: Managerial Economics; 2022, 23, 1; 77--98
1898-1143
Pojawia się w:: Managerial Economics
Dostawca treści:: Biblioteka Nauki

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