Table 10.
News events with largest denoted frequency per date of largest SSEA skewness spillover.
| SSEA & Oil | % | COVID-19 period | COVID-19 influence | FT main headline | SSEA & bitcoin | % | COVID-19 period | COVID-19 influence | FT main headline |
|---|---|---|---|---|---|---|---|---|---|
| 18/Nov/2019 | 282.74 | China | Yes | Oil – Aramco pares back fundraising goal to $25bn in latest IPO hitch | 24/Feb/2020 | 15.49 | World | Yes | Coronavirus – Italy locks down 10 towns as fears rise for global coronavirus spread |
| 24/Feb/2020 | 74.05 | World | Yes | Coronavirus – Italy locks down 10 towns as fears rise for global coronavirus spread | 22/Oct/2019 | 13.37 | No | No | Bonds – Argentina's bondholders braced for steep losses in restructuring |
| 13/Dec/2019 | 25.42 | World | Yes | Central Bank – Lagarde follows Draghi ECB policy lead but signals cautious optimism | 24/Feb/2020 | 12.53 | World | Yes | Coronavirus – Italy locks down 10 towns as fears rise for global coronavirus spread |
| 26/Nov/2019 | 24.37 | China | Yes | Economic – Takeovers top $70bn in day of big deals as confidence returns to the US | 05/Sep/2019 | 9.50 | No | No | Economic – Google accused of covertly passing users' personal data to advertisers |
| 04/Feb/2020 | 16.55 | World | Yes | Economic – Goldman nears Amazon loans pact as Main St push gathers pace | 13/Dec/2019 | 7.50 | China | Yes | Central Bank – Lagarde follows Draghi ECB policy lead but signals cautious optimism |
| 17/Sep/2019 | 11.72 | No | No | Oil – Oil price spikes as fears mount over Saudi supply disruption | 26/Feb/2020 | 5.43 | World | Yes | Coronavirus – West steps up moves to contain virus as investors retreat further |
| 10/Oct/2019 | 10.13 | No | No | Economic – OECD unveils taxation overhaul to squeeze more from Big Tech | 09/Oct/2019 | 4.49 | No | No | Economic – Blockbuster listing in doubt after US extends assault on China tech |
| 28/Oct/2019 | 8.76 | No | No | Political – Germany's annual payment into EU budget set to double to €33bn | 20/Dec/2019 | 4.25 | China | Yes | Central Bank – UK and US central banks probe traders' access to broadcast feeds |
| SSEA & USD$ | % | COVID-19 period | COVID-19 influence | FT main headline | SSEA & corn | % | COVID-19 period | COVID-19 influence | FT main headline |
|---|---|---|---|---|---|---|---|---|---|
| 31/Mar/2020 | 18.41 | World | Yes | Coronavirus – Pharma group boost virus in battle with vaccine and testing advances | 16/Nov/2019 | 576.28 | China | Yes | Political – Trump attacks Ukraine witness |
| 02/Mar/2020 | 17.39 | World | Yes | Coronavirus – Italy unveils €3.6bn stimulus as world tallies cost of coronavirus | 05/Feb/2020 | 164.28 | World | Yes | Economic – Top US SoftBank fund executive to quit as bad bets shake confidence |
| 18/Nov/2019 | 12.64 | China | Yes | Oil – Aramco pares back fundraising goal to $25bn in latest IPO hitch | 13/Feb/2020 | 72.76 | World | Yes | Currency – Patents lay bare scale of China's ambition to digitise the renmimbi |
| 31/Jul/2019 | 8.13 | No | No | Political – Trump rattles equity markets by lashing out at Beijing and the Fed | 07/Apr/2020 | 51.09 | World | Yes | Coronavirus – UK doctors reveal multi-organ danger posed by coronavirus |
| 09/Oct/2019 | 7.45 | No | No | Economic – Blockbuster listing in doubt after US extends assault on China tech | 24/Feb/2020 | 26.01 | World | Yes | Coronavirus – Italy locks down 10 towns as fears rise for global coronavirus spread |
| 08/Aug/2019 | 6.65 | No | No | Central Bank – Aggressive rate cuts and dismal data accelerate dash into bonds | 03/Dec/2019 | 23.67 | China | Yes | Polticial – Beijing strikes back at Trump's support for Hong Kong protests |
| 27/Aug/2019 | 6.23 | No | No | Political – Trump open to Iran meeting as Macron seeks to broker accord | 31/Dec/2019 | 15.96 | China | Yes | Bonds – Bond market barometer points to investor optimism as year ends |
| 09/Apr/2020 | 5.10 | World | Yes | Equities – Wall Street urges caution as bullish investors run into recovery bets | 03/Jan/2020 | 14.73 | World | Yes | Political – Heat rises on Ghosn as Interpol demands his arrest in London |
Note: The above table represents the news events that occurred on the date of the largest SSEA skewness spillover. Data is obtained through The Financial Times and LexisNexis.