The information content of discount rate announcements: what is behind the announcement effect?

Article Abstract:

The observation that shows the market response to announcements of the Federal Reserve on the discount rate which increases asset prices is shown to be governed by the 'announcement effect' principle, where the market merely responds to a new information. This is especially true when the information that can be educed from such an announcement does not entail a change in monetary policy.

Social aspects, Models, Stock-exchange, Stock exchanges, Economics, United States. Federal Reserve Board, Monetary policy, Powers and duties

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Economic news and equity market linkages between the U.S. and the U.K

Article Abstract:

This paper investigates the market linkages between the U.S. and U.K. equity market. It concludes that they linkages are attributable to reactions of foreign trades to public information originating from the U.S.

United Kingdom, United States, Statistical Data Included, Prices and rates, Influence, Securities, Securities prices, Securities industry

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