scholarly journals Oil price, US stock market and the US business conditions in the era of COVID-19 pandemic outbreak

2022 ◽  
Vol 73 ◽  
pp. 129-139
Author(s):  
Shunsuke Managi ◽  
Mohamed Yousfi ◽  
Younes Ben Zaied ◽  
Nejah Ben Mabrouk ◽  
Béchir Ben Lahouel
2016 ◽  
Vol 06 (03) ◽  
pp. 480-487 ◽  
Author(s):  
Sarfaraz Ali Shah Syed ◽  
Hélène Syed Zwick

Subject Financial markets. Significance The US stock market has rallied by 11.8% this year, buoyed by the US Federal Reserve (Fed) executing a dovish policy reversal in late January. Slower global growth prompted the turnaround, but at the same time, US economic activity still has momentum. Reflecting the uncertainty, a week ago futures investors saw a 20.0% chance of the Fed's next move being a rate cut and a 3.5% chance of a hike by January 2020. Expectations have since shifted, to a 7.0% chance of a cut and a 6.9% chance of a hike, respectively. Impacts The dollar is 1% higher since the Fed turnaround at end-January; much larger concerns about Europe than US activity will keep it rising. Emerging market (EM) bond and equity funds are attracting consistently high inflows, but sharply lower Chinese growth would be contagious. The Brent oil price has risen more than 20% this year, but weaker global growth will limit further gains.


Significance US President Donald Trump’s decision last month to intensify the US-China conflict by raising the tariff rate and targeting Chinese tech firms is straining stock markets and making government bonds more attractive. Marking a dangerous new phase, sentiment towards the tech sector is deteriorating, after powering the stock market 'bull run' for a decade. Impacts Uncertainty over both US policy and geopolitics globally will continue to make the dollar more attractive, outweighing Fed dovishness. Emerging markets enjoyed a surge in inflows from January-April 2019, but suffered sharp outflows in May, and investors will remain cautious. The VIX Index, Wall Street’s so-called ‘fear gauge’, has surged by around 50% since May 3, and is likely to remain elevated. Rising US output means that the Brent crude oil price is likely to stabilise rather than rebound, having fallen by about 20% since April.


2020 ◽  
Vol 11 (2) ◽  
pp. 126
Author(s):  
Ayoub RABHI

This paper studies empirically the emerging Asian stock market vulnerability to pandemics. Taking the Covid-19 virus as a case study, we used the ARDL panel data approach to investigate the impact of the daily Covid-19 confirmed cases along with a behavioral component based on a triggering fear event related to news about Covid-19 deaths. The results indicate that both the reported daily growth of Covid-19 confirmed cases along with the triggering fear event related to news about death, affected the Asian stock markets performance negatively, other variables such as oil price, gold price, exchange rates, and the US stock market were also found to be determinants of the Asian stock markets during the studied period.


Author(s):  
Aref Emamian

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States


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