Global Economic Impact in Stock and Commodity Markets during Covid-19 pandemic.

Arhan Sheth, Tulasi Sushra, Ameya Kshirsagar, Manan Shah
Author Information
  1. Arhan Sheth: Anand Niketan School, Ahmedabad, Gujarat India.
  2. Tulasi Sushra: Department of Business Administration, School of Liberal Studies, Pandit Deendayal Energy University, Gandhinagar, Gujarat India.
  3. Ameya Kshirsagar: Department of Information Technology, Symbiosis Institute of Technology, Pune, Maharashtra India.
  4. Manan Shah: Department of Chemical Engineering, School of Technology, Pandit Deendayal Energy University, 382426 Gandhinagar, Gujarat India.

Abstract

The outbreak of the novel coronavirus led everyone globally to face various setbacks. Such a sector that oversaw several shocks worldwide was the financial sector, namely the stock and the commodity markets. Both the markets had different and unprecedented reactions in the different corners of the world. This was due to several reasons like government intervention, welfare policies, investor behaviour etc. This paper discusses that topic in further detail, with examples and studies from all around the planet. The main objective is to expand the pre-existing knowledge on how different regions had different reactions to the pandemic and the policies that it brought along. The stock market, in general, faced an adverse shock that led to low investments and careful foreign investment. The commodity market saw the prices of all commodities on an upward trend except for gold which observed a downward trend. Moreover, this paper also discusses the future scope and the challenges that might be faced by the markets further down the line.

Keywords

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