Effects of Macroeconomic Variables, World Gold Prices, World Oil Prices, and Dow Jones Index on Japanese Stock Index Nikkei 225

2019 ◽  
Vol 8 (3) ◽  
Author(s):  
Danang Sandhito Prabowo ◽  
Nadia Asandimitra
Keyword(s):  
Oil Prices ◽  
Stock Index ◽  
Macroeconomic Variables ◽  
Jones Index

scholarly journals The Influence of Global Stock Index and the Economic Indicators of Stock Investment Decision by Foreign Investors in the Indonesian Stock Exchange

2017 ◽  
Vol 2 (1) ◽  
pp. 32-37
Author(s):  
Sulaeman Rahman Nidar ◽  
Erwin Jaya Diwangsa
Keyword(s):  
Exchange Rate ◽  
Global Economy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Oil Prices ◽  
Stock Index ◽  
Fund Flows ◽  
Jones Index ◽  
Negative Effect ◽  
Global Stock

Objective - The objective of this study is to determine how the movement of several indices and indicators of the global economy affect the change in investment by foreign fund flows in the Indonesia Stock Exchange (BEI). Methodology/Technique - Some global stock indices used in this study comprise the Dow Jones index, the Nikkei 225 index, the Shanghai index (SSE) and the Singapore Index (STI). Data were taken monthly from March 2009 to June 2014. Findings - The results obtained from this study indicate that the Dow Jones index and the STI index have a significant positive effect on the movement of foreign investmentsin the Stock Exchange. In contrast, the movement of world oil prices and exchange rate of the IDR/USD have a significant negative effect on the movement of foreign investments in the BEI. Novelty - The results of this study reinforces that the depreciation of the rupiah against the USD is an indication that the fundamentals of the Indonesian economy is not strong enough. Type of Paper: Empirical Keywords: Dow Jones, Nikkei 225 Index, Shanghai Index (SSE), STI Index, World Oil Prices, World Gold Price, Exchange Rate IDR/USD

scholarly journals VARIABEL MAKROEKONOMI TERHADAP INDEKS SAHAM SYARIAH INDONESIA (PERIODE MEI 2011-SEPTEMBER 2015 DENGAN MODEL ECM)

Media Trend ◽  
2016 ◽  
Vol 11 (2) ◽  
pp. 117
Author(s):  
Yudhistira Ardana
Keyword(s):  
Exchange Rate ◽  
Secondary Data ◽  
Oil Prices ◽  
Model Error ◽  
Stock Index ◽  
Short Term ◽  
Correction Model ◽  
Macroeconomic Variables ◽  
The Interest Rate

<em>This study aimed to analyze the effect of macroeconomic variables on Indonesian Islamic stock index. Macroeconomic variables used is the interest rate of Bank Indonesia (BI-rate), inflation, exchange rate, Bank Indonesia Certificates Sharia (SBIS) and world oil prices. The data used in this research is secondary data during the period May 2011 until September 2015 using a model error correction model (ECM) where the end result is going to measure the effect of macroeconomic variables on Indonesian Sharia Stock Index in the short term and long term.</em>

scholarly journals Global oil risk price management in Iran and Russia

Upravlenie ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 33-45
Author(s):  
S. Alikhani
Keyword(s):  
National Development ◽  
Economic Structure ◽  
Oil Prices ◽  
Raw Material ◽  
Financial Risks ◽  
State Budget ◽  
Sovereign Wealth Funds ◽  
Macroeconomic Variables ◽  
The Russian Federation ◽  
Price Management

Oil is one of the most important sources of income for oil-exporting countries such as the Russian Federation and Iran, as well as the main raw material in the production process in oil-importing countries. Risks fluctuations in world oil prices can cause sovereign financial risks of instability in macroeconomic variables in both groups of oil exporting and importing countries. Negative shocks in world oil prices for countries such as Iran and Russia, whose economic structure is oriented towards oil and provides a significant part of the state budget through oil, could have significant consequences for the economies of these countries. Such fluctuations not only affect the economies of oil-importing countries, but are also one of the main causes of disruptions in the economies of oil-exporting countries. This study examines the government's management of risk fluctuations in world oil prices and its actions in Iran and Russia. The results of this study show that Iran and Russia, as sanctioned countries and oil exporters, have taken various measures to deal with these shocks, the most important of which is the creation of sovereign wealth funds in the two countries. In this article, the characteristics of national development funds in Iran and Russia are compared. The differences between Iran and Russia in risk management and the structure of these funds are shown.

scholarly journals Relations and Emotions beyond the Boundaries in the Post Crisis Era – An Analysis of the Impact of Selected Variables on the Indian Stock Market

2018 ◽  
Vol 4 (8) ◽  
pp. 72
Author(s):  
Pooja Yadav ◽  
Nitin Huria
Keyword(s):  
Stock Market ◽  
Global Economy ◽  
Stock Index ◽  
Asia Pacific ◽  
Macroeconomic Variables ◽  
Long Run ◽  
Short Run ◽  
Current Scenario ◽  
Indian Stock Market ◽  
The Impact

From a decade or so Indian continent has become the centre of attraction in the global economies. This changed outlook is due to the fact that India embraces vast availability of resources and opportunities which makes it the most vibrant global economy in the current scenario of worldwide sluggishness. On this path of growth and prosperity India is showing stiff commitments and competitive edges with developed as well as emerging countries. To be more specific, during this voyage in the Asia pacific region recently on one side India has seen stronger bonding with some of its old mates like Japan but on the other part it has faced strain like situation from its stronger competitor contender china on the same time. Hence, in this context the main aim of this paper is to examine the long run and short run equilibrium impacts of Japan and Chinese stock index as well as macroeconomic variables impact on Indian stock market. This paper finds the presence of both long and short run equilibrium impacts from China and Japan to India. In case of Japanese financial market (Nikki 225) has a trivial negative but significant long run impact whereas, the Chinese stock index (SSE composite) is operating at the short run with the same mild negative but significant impact on the Indian stock market. The results of the impact of macroeconomic variables find the existence of long run as well as short run equilibrium from some of the selected variables on Indian stock market.

scholarly journals Exploring Philosophy of Co-Movements Between Stocks and Macroeconomic Variables

ETIKONOMI ◽  
2021 ◽  
Vol 20 (1) ◽  
pp. 67-76
Author(s):  
Umer Ilyas ◽  
Matti Ullah Butt ◽  
Muhammad Gulzar
Keyword(s):  
Stock Exchange ◽  
Stock Index ◽  
Developing Economy ◽  
General Applicability ◽  
Cumulative Impact ◽  
Macroeconomic Variables ◽  
Independent Variables ◽  
Panel Ardl ◽  
Cumulative Response ◽  
The Right

This study's background is to explore how significant are macroeconomic variables (MEV) in explaining stock movements in the developing economy for every sector and each firm of those sectors. To overcome the deficiencies of traditional index base studies, which provide only cumulative impact and response of MEV and Stock movements, fill the gap of existing literature that is not available for all Pakistan stock exchange (PSX). Panel ARDL Model with Co-Integration is using to achieve this objective. The results show that the overall sector response for changing independent variables was different from the firms from the same sectors in many cases. These results show superiority over the conventional method of using a stock index as the dependent variable, which shows only cumulative response, which was not comprehensive for taking the right portfolio and designing policy for economic development. This study has general applicability to developing economies.JEL Classification: E4, F3, G1, M1How to Cite:Ilyas, U., Ullah, M., & Gulzar, M. (2021). Exploring Philosophy of Co-Movements Between Stocks and Macroeconomic Variables. Etikonomi, 20(1), 67 – 76. https://doi.org/10.15408/etk.v20i1.17614.

The macroeconomic effects of increase and decrease in oil prices: evidences of asymmetric effects from India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anver Chittangadan Sadath ◽  
Rajesh Herolli Acharya
Keyword(s):  
Negative Impact ◽  
Wholesale Price ◽  
Oil Prices ◽  
Petroleum Products ◽  
Oil Price ◽  
Content Type ◽  
Macroeconomic Variables ◽  
Real Gdp ◽  
Oil Price Shock ◽  
Price Shock

Purpose The purpose of this paper is to assess whether oil price shocks emanating from oil price increase and decrease have a different impact on the macroeconomic activity. Design/methodology/approach This study conducts the empirical analysis using structural vector auto-regressive model on Indian data for the period from 1996 to 2017. This paper uses four key macroeconomic variables, namely, real gross domestic product (GDP), the real rate of interest, real money supply, wholesale price index inflation and various linear and non-linear measures of oil price shock. Findings Empirical results confirm that oil price shock has a significant impact on various macroeconomic variables used in the study. Specifically, shocks emanating from a decline in oil price have a stronger positive impact on real GDP, whereas, a shock due to the rise in oil price has a weaker negative impact on real GDP. Impulse responses confirm that shocks due to a decline in oil prices are long-lasting compared to similar shocks due to a rise in oil prices. Therefore, this study concludes that the macroeconomic impact of oil price shock is asymmetric in India. Originality/value This paper adds the following new insights: First, this paper presents a distinct relationship between the growth rate of oil price and GDP during increasing and decreasing phases of oil price to drive home the case for this study. Second, India has adopted crucial administrative initiatives such as deregulation of the market for petroleum products and the promotion of renewable energy during the study period. Finally, previous studies have revealed specific behavioral and economic features of people in India with respect to the demand for petroleum products. In light of these factors, this paper based on Indian experience would be justified.

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