Impact of the Domestic and the US Macroeconomic News on the Romanian Stock Market
5 Pages Posted: 22 Feb 2012
Date Written: October 6, 2011
This paper explores the effects of domestic and US macroeconomic announcement on the Romanian stock market. We found that some domestic macroeconomic announcement linked by the monetary policy had a consistent influence on the stock prices evolution. We also identify that some US macroeconomic news have a significant impact on the Romanian stock exchange, a fact explained by the linkages between the Romanian stock market and the international financial markets.
Keywords: macroeconomic news announcement, Romanian stock market, financial linkages
JEL Classification: G02, G10, G14, E20
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