| dc.description.abstract | Our thesis captures the daily stock market excess returns on days when important macroeconomic news, such as FOMC announcements, PPI announcements, and employment announcements are scheduled for release. We focus on capturing the difference between the stock market excess return on announcement days versus non-announcement days on both the Norwegian stock market and the U.S. stock market using announcements from the U.S. By doing so, we capture a significantly higher daily excess return on announcement days on the U.S. stock market. FOMC announcements affect the stock market excess return the most on both the Norwegian stock market and the U.S. stock market, while also being the only announcement type that is statistically significant. | en_US |
