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What Moves the DAX?

Author

Listed:
  • Stefan Mittnik
  • Nikolay Robinzonov
  • Klaus Wohlrabe

Abstract

Regular publications of macroeconomic figures that diverge from the expectations of market participants have an immediate effect on the German share market in two thirds of cases. Data on investments, figures on real economic activities and the results of business surveys have a particularly significant impact on the stock markets.

Suggested Citation

  • Stefan Mittnik & Nikolay Robinzonov & Klaus Wohlrabe, 2013. "What Moves the DAX?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(23), pages 32-36, December.
    • Handle: RePEc:ces:ifosdt:v:66:y:2013:i:23:p:32-36
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    References listed on IDEAS

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    1. repec:nys:sunysb:93-01 is not listed on IDEAS
    2. Stefan Mittnik & Nikolay Robinzonov & Klaus Wohlrabe, 2013. "The Micro Dynamics of Macro Announcements," CESifo Working Paper Series 4421, CESifo.
    3. Kari Harju & Syed Mujahid Hussain, 2011. "Intraday Seasonalities and Macroeconomic News Announcements," European Financial Management, European Financial Management Association, vol. 17(2), pages 367-390, March.
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    5. Torben G. Andersen & Tim Bollerslev & Francis X. Diebold & Clara Vega, 2003. "Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange," American Economic Review, American Economic Association, vol. 93(1), pages 38-62, March.
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    22. Brenner, Menachem & Pasquariello, Paolo & Subrahmanyam, Marti, 2009. "On the Volatility and Comovement of U.S. Financial Markets around Macroeconomic News Announcements," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(6), pages 1265-1289, December.
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    24. Jérôme Coffinet & Sylvain Gouteron, 2010. "Euro‐Area Yield Curve Reaction to Monetary News," German Economic Review, Verein für Socialpolitik, vol. 11(2), pages 208-224, May.
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    Cited by:

    1. Stefan Sauer & Klaus Wohlrabe, 2018. "The New ifo Business Climate Index for Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(07), pages 54-60, April.
    2. Sauer,Stefan & Klaus Wohlrabe & Stefan Sauer, 2019. "CEO or Intern − Who Actually Answers the Questionnaires in the ifo Business Survey?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 20(02), pages 29-31, July.
    3. Stefan Sauer & Klaus Wohlrabe, 2019. "Boss or Trainee – Who Actually Answers the Questionnaires in the ifo Business Surveys?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(03), pages 30-32, February.

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    More about this item

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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