The US macroeconomic news announcements and the within-month effects on the Bucharest Stock Exchange

Ramona Dumitriu, Razvan Stefanescu and Costel Nistor

MPRA Paper from University Library of Munich, Germany

Abstract: Within-month anomalies and influence of macroeconomic news announcements are important characteristics of a stock market. In this paper we investigate their presence on Bucharest Stock Exchange. We find significant within-month effects and a considerable impact of some US macroeconomic news announcements. It results also that within-month effects are in fact caused by macroeconomic news announcements.

Keywords: Within-month effects; Macroeconomic news announcements; Romanian capital market (search for similar items in EconPapers)
JEL-codes: E00 G14 (search for similar items in EconPapers)
Date: 2011-10-11, Revised 2011-10-11
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Published in Proceedings of the International Conference „EDUCATION AND CREATIVITY FOR A KNOWLEDGE SOCIETY”- 5 edition November 2011, Bucharest Economic Sciences (2011): pp. 178-183

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41626

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