During the outbreak of the COVID-19, concerns related to the severity of the pandemic have played a prominent role in investment decisions. In this paper, we analyze the relationship between public attention and the financial markets using search engine data from Google Trends. Our findings show that search query volumes in Italy, Germany, France, Great Britain, Spain, and the United States are connected with stock markets. The Italian Google Trends index is found to be the main driver of all the considered markets. Furthermore, the country-specific market impacts of COVID-19-related concerns closely follow the Italian lockdown process.

Google search volumes and the financial markets during the COVID-19 outbreak / Costola, M; Iacopini, Matteo; Santagiustina, C. - In: FINANCE RESEARCH LETTERS. - ISSN 1544-6123. - 42:(2021), pp. 1-7. [10.1016/j.frl.2020.101884]

Google search volumes and the financial markets during the COVID-19 outbreak

Iacopini M;
2021

Abstract

During the outbreak of the COVID-19, concerns related to the severity of the pandemic have played a prominent role in investment decisions. In this paper, we analyze the relationship between public attention and the financial markets using search engine data from Google Trends. Our findings show that search query volumes in Italy, Germany, France, Great Britain, Spain, and the United States are connected with stock markets. The Italian Google Trends index is found to be the main driver of all the considered markets. Furthermore, the country-specific market impacts of COVID-19-related concerns closely follow the Italian lockdown process.
2021
COVID-19, Financial Markets, Google Trends
Google search volumes and the financial markets during the COVID-19 outbreak / Costola, M; Iacopini, Matteo; Santagiustina, C. - In: FINANCE RESEARCH LETTERS. - ISSN 1544-6123. - 42:(2021), pp. 1-7. [10.1016/j.frl.2020.101884]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/242509
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