Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19
The systemic risk caused by COVID-19 affected all sectors of the economy, thus showing the vulnerability of some sectors in comparison to others. In this context, the supply shock experienced by the iron ore sector has drawn attention and resulted in a price increase. Linked to this, and in a negat...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universidad Católica de Colombia
2023-03-01
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| Series: | Revista Finanzas y Política Económica |
| Subjects: | |
| Online Access: | https://revfinypolecon.ucatolica.edu.co/article/view/4406 |
| _version_ | 1797422202425966592 |
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| author | Jorge Luis Sánchez Arévalo Alisson Maxwell Ferreira de Andrade Elisabeth de Oliveira Vendramin |
| author_facet | Jorge Luis Sánchez Arévalo Alisson Maxwell Ferreira de Andrade Elisabeth de Oliveira Vendramin |
| author_sort | Jorge Luis Sánchez Arévalo |
| collection | DOAJ |
| description |
The systemic risk caused by COVID-19 affected all sectors of the economy, thus showing the vulnerability of some sectors in comparison to others. In this context, the supply shock experienced by the iron ore sector has drawn attention and resulted in a price increase. Linked to this, and in a negative way, oil prices fell due, among other factors, to the price war between producing countries.
In this sense, this study analyses the volatility of the Brazilian stock market indicator in relation to the prices of the aforementioned products and the price of the dollar. The results show the importance of the price formation in these markets for the variation of the indicator. The appreciation of Brent oil and iron ore prices on the Dalian Commodity Exchange (DCE), in China, caused the Ibovespa indicator to move in the same direction. In addition, in statistical terms, the study highlights the great importance of the exchange rate as a determinant in the variation of the indicator and, consequently, affecting the intention to invest.
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| first_indexed | 2024-03-09T07:28:48Z |
| format | Article |
| id | doaj.art-00c4d0f60e174884a6c16dbf3ca4ff12 |
| institution | Directory Open Access Journal |
| issn | 2248-6046 2011-7663 |
| language | English |
| last_indexed | 2024-03-09T07:28:48Z |
| publishDate | 2023-03-01 |
| publisher | Universidad Católica de Colombia |
| record_format | Article |
| series | Revista Finanzas y Política Económica |
| spelling | doaj.art-00c4d0f60e174884a6c16dbf3ca4ff122023-12-03T06:29:44ZengUniversidad Católica de ColombiaRevista Finanzas y Política Económica2248-60462011-76632023-03-0115110.14718/revfinanzpolitecon.v15.n1.2023.2Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19Jorge Luis Sánchez Arévalo0Alisson Maxwell Ferreira de Andrade1Elisabeth de Oliveira Vendramin2Federal University of Mato Grosso do SulFederal University of Mato Grosso do SulFederal University of Mato Grosso do Sul The systemic risk caused by COVID-19 affected all sectors of the economy, thus showing the vulnerability of some sectors in comparison to others. In this context, the supply shock experienced by the iron ore sector has drawn attention and resulted in a price increase. Linked to this, and in a negative way, oil prices fell due, among other factors, to the price war between producing countries. In this sense, this study analyses the volatility of the Brazilian stock market indicator in relation to the prices of the aforementioned products and the price of the dollar. The results show the importance of the price formation in these markets for the variation of the indicator. The appreciation of Brent oil and iron ore prices on the Dalian Commodity Exchange (DCE), in China, caused the Ibovespa indicator to move in the same direction. In addition, in statistical terms, the study highlights the great importance of the exchange rate as a determinant in the variation of the indicator and, consequently, affecting the intention to invest. https://revfinypolecon.ucatolica.edu.co/article/view/4406english |
| spellingShingle | Jorge Luis Sánchez Arévalo Alisson Maxwell Ferreira de Andrade Elisabeth de Oliveira Vendramin Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 Revista Finanzas y Política Económica english |
| title | Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 |
| title_full | Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 |
| title_fullStr | Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 |
| title_full_unstemmed | Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 |
| title_short | Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 |
| title_sort | ibovespa s response to the behavior of oil and ore prices during the international crisis caused by covid 19 |
| topic | english |
| url | https://revfinypolecon.ucatolica.edu.co/article/view/4406 |
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