The Effect of Macroeconomics On Stock Index

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 3

Year of Publication : 2020

Authors : Akfika Rizky Sabilla, Augustina Kurniasih

10.14445/23939125/IJEMS-V7I3P113

How to Cite?

Akfika Rizky Sabilla, Augustina Kurniasih, "The Effect of Macroeconomics On Stock Index," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 3, pp. 81-87, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I3P113

Abstract:

This study aims to examine and analyze the influence of macroeconomics, namely inflation, foreign exchange rates, bank interest rates, and world oil prices, on the stock index of basic and chemical industry sectors. This research is a causality research with linear regression analysis. The results showed that the independent variables simultaneously influence the dependent variable. Partially, the results showed that inflation had a significant negative effect on the stock index, foreign exchange rates, and world oil prices had a significant positive effect on the stock index, while bank interest rates had no effect on basic and chemical industry stock indexes.

Keywords:

Inflation, Foreign Exchange Rates, Bank Interest Rates (BI Rate), World Oil Prices (WTI), Basic and Chemical Industry Sector Stock Indexes.

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