Stock Market Indices and Sentiment Indicators: Correlations and Causality
Stock Market Indices and Sentiment Indicators: Correlations and Causality

Summary/Abstract: This paper focuses on the possible causal relationships between the stock market indices and a set of sentiment indicators in seven European Union countries. The results are not univocal. In some countries, the local stock index seems to behave as a leading indicator with reference to most sentiment indicators, while in others the causal nexus seems to be reversed.

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