What Drives Financial Markets - Softcover

Kettell, Brian

9780273630708: What Drives Financial Markets

Softcover

ISBN 10: 0273630709 ISBN 13: 9780273630708

Publisher: Financial Times Management, 1999

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Concentrates on an understanding of the economics that underlie this quest for value.

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From the Back Cover:

When analysts, dealers and investors are subject to information overload, how can they realistically isolate and interpret the relevant market signals needed to build a coherent financial strategy?

Given the reality of increased market volatility it is increasingly important to understand which are the most influential economic and psychological indicators and how, in turn, they impact on the prices of financial assets.

What Drives Financial Markets contains an accessible set of rules by which financial analysts, dealers and investors can observe and respond to new economic indicators. This book illustrates the interaction between fiscal, psychological, political and economic factors that drives financial markets, highlighting the key role of market sentiment. Emphasis is placed on interpreting relevant signals in order to be ale to act swiftly and profitably.

The book defines the four criteria on which to judge the value of an indicator: relevance, timely release, availability and stability. It also gives clear analysis of how the business cycle affects financial markets, as well as discussing the influence exerted by such institutions as the US Federal Reserve. Readers will understand and analyze the driving forces and impact of economic changes, identify long-term trends as opposed to short term volatility, and make appropriate investment decisions.

About the Author:

Brian Kettell, MSc, BSc.Econ has many years' experience working in financial markets and banking. A graduate of the London School of Economics, he has worked for Citibank, American Express, Arab Banking Corporation (Vice President) and Shearson Lehman (Vice President). This experience has since been applied in providing training courses on international financial markets. He has delivered training courses on the markets for a variety of organizations including: Chase Manhattan Bank, Barclays Capital, Nomura, Morgan Stanley, Kleinwort Benson, Banque Indosuez and The Euromoney Institute of Finance. He is now Senior Lecturer at London University and a visiting Professor of Finance at several French business schools.

He has published over 80 articles, in numerous journals, including Central Banking, The Banker and The Securities Journal. His previous books include What Drives Financial Markets and Fed-Watching (both in the Market Fundamentals series), The International Debt Game (with George Magnus, Chief Economist, Warburg Dillon Read), Businessman's Guide to the Foreign Exchange Market, Monetary Economics, The Finance of International Business, Gold and The Foreign Exchange Handbook (with Steve Bell, Chief Economist, Deutsche Bank). In addition he has published a large number of case studies on financial markets.

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