Table 12.
News events with largest denoted frequency per date of largest SSEA kurtosis spillover.
| SSEA & Oil | % | COVID-19 period | COVID-19 influence | FT main headline | SSEA & bitcoin | % | COVID-19 period | COVID-19 influence | FT main headline |
|---|---|---|---|---|---|---|---|---|---|
| 03/Feb/2020 | 37.97 | World | Yes | Coronavirus – Beijing deploys emergency cash to shield markets from virus fallout | 24/Feb/2020 | 64.53 | World | Yes | Coronavirus – Italy locks down 10 towns as fears rise for global coronavirus spread |
| 02/Sep/2019 | 32.93 | No | No | Political – Labour would cost UK companies £300bn by shifting shares to staff | 13/Nov/2019 | 58.70 | No | No | Political – Europe must wrest control of data from Silicon Valley, warns Merkel |
| 30/Oct/2019 | 31.12 | No | No | Political – WhatsApp hack used to snoop on 100 rights activists and dissidents | 03/Feb/2020 | 47.86 | World | Yes | Coronavirus – Beijing deploys emergency cash to shield markets from virus fallout |
| 24/Sep/2019 | 27.18 | No | No | Oil – Oil price spikes as fears mount over Saudi supply disruption | 26/Feb/2020 | 26.98 | World | Yes | Coronavirus – West steps up moves to contain virus as investors retreat further |
| 31/Dec/2019 | 5.76 | World | Yes | Bonds – Bond market barometer points to investor optimism as year ends | 11/Oct/2019 | 13.73 | No | No | Political – Varadkar says agreement possible this month as Brexit mood shifts |
| 25/Sep/2019 | 3.94 | No | No | Political – Johnson faces calls to resign as judges rule parliament's closure unlawful | 14/Oct/2019 | 6.11 | No | No | Political – UK hopes for swift deal dented as Brexit customs plan baffles EU |
| 02/Sep/2019 | 3.64 | No | No | Political – Labour would cost UK companies £300bn by shifting shares to staff | 09/Mar/2020 | 4.80 | World | Yes | Coronavirus – Italy quarantines vast parts of rich north as virus cases surge |
| 17/Dec/2019 | 2.83 | China | Yes | Equities – Johnson's victory fired UK stocks as Brexit clarity cheers investors | 31/Dec/2019 | 4.61 | World | Yes | Bonds – Bond market barometer points to investor optimism as year ends |
| SSEA & USD$ | % | COVID-19 period | COVID-19 influence | FT main headline | SSEA & corn | % | COVID-19 period |
COVID-19 influence | FT main headline |
|---|---|---|---|---|---|---|---|---|---|
| 26/Mar/2020 | 47.60 | World | Yes | Coronavirus – Poorest nations need debt relief to tackle virus, say global lenders | 10/Feb/2020 | 18.03 | World | Yes | Coronavirus – Shut businesses hit China push to restart economy amid killer virus |
| 27/Mar/2020 | 10.67 | World | Yes | Economic – Jobless claims surge to 3.3 m record in US | 12/Dec/2019 | 12.80 | China | Yes | Political – US tightens screws on Iran with fresh shipping and air sanctions |
| 15/Aug/2019 | 5.25 | No | No | Economic – Bonds sound recession alarm as China and Germany show strain | 06/Dec/2019 | 8.29 | China | Yes | Oil – Saudi Aramaco's $25.6bn breaks IPO record despite valuation blow |
| 21/Feb/2020 | 4.37 | World | Yes | Equities – Morgan Stanley joins rush into retail with $13bn Etrade swoop | 13/Dec/2019 | 6.75 | China | Yes | Central Bank – Lagarde follows Draghi ECB policy lead but signals cautious optimism |
| 26/Mar/2020 | 2.33 | World | Yes | Coronavirus – Poorest nations need debt relief to tackle virus, say global lenders | 16/Dec/2019 | 6.28 | China | Yes | Political – UN talks on climate change break up in stalemate |
| 25/Nov/2019 | 2.29 | China | Yes | Economic – LVMH poised to secure Tiffany as Arnault raises offer to $16.7bn | 20/Dec/2019 | 4.15 | China | Yes | Central Bank – UK and US central banks probe traders' access to broadcast feeds |
| 06/Dec/2019 | 2.15 | China | Yes | Oil – Saudi Aramaco's $25.6bn breaks IPO record despite valuation blow | 18/Dec/2019 | 3.92 | China | Yes | Economic – JAB sets up €3bn coffee challenge to Nestle by combining big brands |
| 21/Feb/2020 | 1.36 | World | Yes | Equities – Morgan Stanley joins rush into retail with $13bn Etrade swoop | 31/Dec/2019 | 3.37 | China | Yes | Bonds – Bond market barometer points to investor optimism as year ends |
Note: The above table represents the news events that occurred on the date of the largest SSEA kurtosis spillover. Data is obtained through The Financial Times and LexisNexis.