The impact of events on metal futures based on the perspective of Google Trends

He Wei, Yaoqi Guo, Zhuling Yu and Hui Cheng

Resources Policy, 2021, vol. 74, issue C

Abstract: The development of behavioral finance theory and the Internet provides the possibility to analyze the impact of events on financial markets from the perspective of investor attention. To this end, this paper analyzes the impact of events on the metal futures market based on Google Trends perspectives using mixed frequency analysis and multifractal methods. Overall, the impact of events can be effectively reflected by investor attention in the metal futures market. Different metals react differently to events. Precious metals are safe havens during financial crises, while industrial metals are not. Earthquakes that occur in countries with large metal supply and demand sensitivities have a more significant impact on metal futures. As the international situation changes, the impact of pirating events on metal futures appears more significant after 2010. If necessary, powerful controls on industrial metals may be needed when events such as earthquakes and piracy occur. When events such as financial crises occur, strong policy measures may be needed to restore balance from the perspective of precious metals.

Keywords: Metal futures; Google trends; MIDAS; Multifractals; Investor attention (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142072100297X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:74:y:2021:i:c:s030142072100297x

DOI: 10.1016/j.resourpol.2021.102286

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().