The impact of Gold, Bond, Currency, Metals and Oil markets on the USA stock market

Xanthi Partalidou; Apostolos Kiohos; Grigoris Giannarakis; Nikolaos Sariannidis

Makale detayları

The impact of Gold, Bond, Currency, Metals and Oil markets on the USA stock market

Yazarlar:

Xanthi Partalidou | Apostolos Kiohos | Grigoris Giannarakis | Nikolaos Sariannidis

Yayıncı:

İlhan ÖZTÜRK

Ana Başlıklar:

Uygulamalı fizik

Dergi:

International Journal of Energy Economics and Policy 2016 Vol.6 Issue 1, pp.76-81

Belge Tipi:

Makale

Yayın Tarihi:

2/2016

Belge Dili:

İngilizce

Document ID (Org No.):

2000816361

Sıklık:

İki Aylık

eISSN:

2146-4553

Özet:

 

This study examines the impact of financial and economic variables on the industrial Dow Jones Industrial Average (DJIA) using daily data over the sample period March 1995 - May 2014. Gold, Bond, Currency, Metals and Oil market were taken into consideration, and, as well as, their impact on the DJIA. The results of the model GJR – GARCH proved that the purchase of gold, of decade bonds (10 Year Treasury Note) and the U.S. Dollar/Yen exchange rate affect, negatively, the returns of DJIA.  On the other hand, it was made clear that the purchase of industrial metals affects, positively, the returns of DJIA. Lastly, our findings indicate that the asymmetry of the oil returns affects- extremely negatively- the DJIA returns.

Makale detayları

The impact of Gold, Bond, Currency, Metals and Oil markets on the USA stock market

Yazarlar: Xanthi Partalidou | Apostolos Kiohos | Grigoris Giannarakis | Nikolaos Sariannidis

Yayıncı: İlhan ÖZTÜRK

Ana Başlıklar: Uygulamalı fizik

Dergi: International Journal of Energy Economics and Policy 2016 Vol.6 Issue 1, pp.76-81

Belge Tipi: Makale

Yayın Tarihi: 2/2016

Belge Dili: İngilizce

Document ID (Org No.): 2000816361

Sıklık: İki Aylık

eISSN: 2146-4553

Sayı

Yazarlar:

Xanthi Partalidou | Apostolos Kiohos | Grigoris Giannarakis | Nikolaos Sariannidis

Yayıncı:

İlhan ÖZTÜRK

Ana Başlıklar:

Uygulamalı fizik

Dergi:

International Journal of Energy Economics and Policy 2016 Vol.6 Issue 1, pp.76-81

Belge Tipi:

Makale

Yayın Tarihi:

2/2016

Belge Dili:

İngilizce

Document ID (Org No.):

2000816361

Sıklık:

İki Aylık

eISSN:

2146-4553