Metal markets drivers

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00108736" target="_blank" >RIV/00216224:14560/17:00108736 - isvavai.cz</a>
Result on the web
<a href="https://ece.pefka.mendelu.cz/sites/default/files/imce/ECE2017_fin.pdf" target="_blank" >https://ece.pefka.mendelu.cz/sites/default/files/imce/ECE2017_fin.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Metal markets drivers
Original language description
Due to hybrid nature of metals and to recent financialization of commodity market it is crucial to examine what drives metals markets to understand and to predict their devel- opment. The aim of the paper is to explain metal price movements by assessing an im- pact of multiple economic and financial factors. Eight macroeconomic and financial vari- ables are considered as candidates for the metal markets drivers. The data are collected from Bloomberg. Mixed-data-sampling regression model is used to process various fre- quencies of the drivers (daily and monthly). Interest rate, exchange rate, stock levels, stock index returns and crude oil returns are found generally significant to drive metal markets. The stock index has the most significant impact on the metals returns that is negative. Considered drivers best explain variability of the platinum returns (27%), on the other hand they explain only 9% of the silver market variability.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Enterprise and Competitive Environment Conference Proceedings
ISBN
9788075094995
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
480-488
Publisher name
Mendel University in Brno
Place of publication
Brno
Event location
Brno
Event date
Mar 9, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000427306200050

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