Table 13.
News events with largest denoted frequency per date of largest SSEB kurtosis spillover.
| SSEB & Oil | % | COVID-19 period | COVID-19 influence | FT Main headline | SSEB & bitcoin | % | COVID-19 period | COVID-19 influence | FT Main headline |
|---|---|---|---|---|---|---|---|---|---|
| 14/Jan/2020 | 28.66 | World | Yes | Political – US poised to lift currency manipulator tag from China | 17/Nov/2019 | 241.92 | China | Yes | Political – Trump attacks Ukraine witness |
| 07/Apr/2020 | 22.77 | World | Yes | Coronavirus – UK doctors reveal multi-organ danger posed by coronavirus | 17/Feb/2020 | 31.24 | World | Yes | Equities – Vision Fund chief pushes equities vehicle after SoftBank stumbles |
| 08/Apr/2020 | 5.47 | World | Yes | Coronavirus – Pandemic will destroy equivalent of 195 m jobs worldwide, warns UN | 31/Dec/2019 | 11.44 | World | Yes | Bonds – Bond market barometer points to investor optimism as year ends |
| 02/Apr/2020 | 4.76 | World | Yes | Economic – Default warnings spark fears of emerging market debt crunch | 18/Nov/2019 | 10.98 | China | Yes | Oil – Aramco pares back fundraising goal to $25bn in latest IPO hitch |
| 03/Apr/2020 | 3.70 | World | Yes | Economic – Jobless claims surge in Europe and US as global economy stifles | 02/Apr/2020 | 6.76 | World | Yes | Economic – Default warnings spark fears of emerging market debt crunch |
| 17/Jan/2020 | 3.24 | World | Yes | Oil – Berlin secures €40bn deal with regions to end use of coal by 2038 | 04/Feb/2020 | 4.83 | World | Yes | Economic – Goldman nears Amazon loans pact as Main St push gathers pace |
| 15/Jan/2020 | 3.07 | World | Yes | Political – UK, France and Germany raise heat on Iran over nuclear breach | 09/Mar/2020 | 4.43 | World | Yes | Coronavirus – Italy quarantines vast parts of rich north as virus cases surge |
| 29/Jul/2019 | 2.22 | No | No | Economic – Carmakers face tough choice on China as vehicle sales plummet | 05/Dec/2019 | 4.34 | China | Yes | Political – Germany sees Kremlin's hand in Berlin murder of Chechen rebel |
| SSEB & USD$ | % | COVID-19 period | COVID-19 influence | FT main headline | SSEB & corn | % | COVID-19 period | COVID-19 influence | FT main headline |
|---|---|---|---|---|---|---|---|---|---|
| 21/Jan/2020 | 59.51 | World | Yes | Economic – Downbeat IMF outlook diverts Davos focus from climate goals | 10/Feb/2020 | 18.03 | World | Yes | Coronavirus – Shut businesses hit China push to restart economy amid killer virus |
| 18/Nov/2019 | 31.71 | China | Yes | Oil – Aramco pares back fundraising goal to $25bn in latest IPO hitch | 12/Dec/2019 | 12.80 | China | Yes | Political – US tightens screws on Iran with fresh shipping and air sanctions |
| 19/Nov/2019 | 5.26 | China | Yes | Political – Police lay siege to university students | 06/Dec/2019 | 8.29 | China | Yes | Oil – Saudi Aramaco's $25.6bn breaks IPO record despite valuation blow |
| 06/Dec/2019 | 4.14 | China | Yes | Oil – Saudi Aramaco's $25.6bn breaks IPO record despite valuation blow | 13/Dec/2019 | 6.75 | China | Yes | Central Bank – Lagarde follows Draghi ECB policy lead but signals cautious optimism |
| 17/Mar/2020 | 2.81 | World | Yes | Equities – Global stocks take fresh pummelling as Fed action fails to calm investors | 12/Dec/2019 | 6.28 | China | Yes | Political – US tightens screws on Iran with fresh shipping and air sanctions |
| 10/Apr/2020 | 2.79 | World | Yes | Oil – G20 and US throw weight behind biggest oil production agreement | 20/Dec/2019 | 4.15 | China | Yes | Central Bank – UK and US central banks probe traders' access to broadcast feeds |
| 11/Sep/2019 | 2.66 | No | No | Political – Trump fires Bolton after tension on Iran and N Korea boils over | 18/Dec/2019 | 3.92 | China | Yes | Economic – JAB sets up €3bn coffee challenge to Nestle by combining big brands |
| 16/Sep/2019 | 2.53 | No | No | Oil – Saudis seek to reassure markets as attack halves oil production | 31/Dec/2019 | 3.37 | World | 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 SSEB kurtosis spillover. Data is obtained through The Financial Times and LexisNexis.