Stock Market Indices and Sentiment Indicators: Correlations and Causality

Stock Market Indices and Sentiment Indicators: Correlations and Causality

This paper focuses on the possible causal relationships between the stock market indices and a set of sentiment indicators in seven European Union countries. The results are not univocal. In some countries, the local stock index seems to behave as a leading indicator with reference to most sentiment...

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Veröffentlicht in:Ikonomicheski izsledvanii͡a 2013 (3), p.3-24
Hauptverfasser: Jordanov, Jordan, Valentini, Marco
Format: Artikel
Sprache:eng
Schlagworte:
Economy
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Zusammenfassung:This paper focuses on the possible causal relationships between the stock market indices and a set of sentiment indicators in seven European Union countries. The results are not univocal. In some countries, the local stock index seems to behave as a leading indicator with reference to most sentiment indicators, while in others the causal nexus seems to be reversed.
ISSN:0205-3292