Economics, Econometrics and Finance
4 years ago

European stock markets predict COVID-19 outbreaks before they happen.

2 views
Analysis of the European stock market's advance response time to COVID-19 based on Pearson correlation Coefficient
Min Wang, Qing Cheng, Jincai Huang, Guangquan Cheng

Paper Summary

The European stock market reacts to COVID-19 before the outbreak. The stock market indexes of Britain, Germany, and France fluctuate days before the epidemic hits. In Britain, the stock market gives a warning 14 days in advance, strongly linked to new COVID-19 cases. France's warning comes 7 days early, weakly related to new cases. Germany's warning is 5 days before, strongly linked to new cases. The stock market can predict the impact of COVID-19 on the economy.

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