Major Markets (major + market)

Distribution by Scientific Domains


Selected Abstracts


ARE CHINESE STOCK MARKETS INCREASING INTEGRATION WITH OTHER MARKETS IN THE GREATER CHINA REGION AND OTHER MAJOR MARKETS?

AUSTRALIAN ECONOMIC PAPERS, Issue 3 2007
GARY GANG TIAN
This paper investigates the cointegrating and long-term causal relationships between the Shanghai A and B-share market, and between these two markets and the Hong Kong, the Taiwanese, the Japanese and the US market of two sub periods between July 1993 and March 2007. On the basis of a new Granger non-causality test procedure developed by Toda-Yamamoto (1995) and Johansen's (1988) cointegration test, my results suggest that a long-term equilibrium relationship measured by cointegration has been merged between the Chinese A-share market and the other markets in greater China region as well as the US market during the post-crisis period which covers the period since Chinese A-share market was opened to the Qualified Foreign Institutional Investors (QFII) in 2002. I also found that the Shanghai A-share market uni-directionally Granger-causes the other regional markets after the Asian financial crisis, while the A-share market and Hong Kong H-share market have had a significant feedback relationship since then. However, I found no evidence there has been cointegrating relationship between Shanghai B-share market and any other market ever since the B-share market was opened to the local retail investors in 2001. [source]


Trends and opportunities in the metabolic syndrome

DRUG DEVELOPMENT RESEARCH, Issue 7 2006
John H. "Wick" JohnsonArticle first published online: 16 NOV 200
Abstract Metabolic Syndrome consists of a multifactoral set of indications and, unfortunately, definitions. There is, at present, no consensus definition for Metabolic Syndrome and physicians who recognize the syndrome use different definitions. Some of the major stakeholder associations do not believe that Metabolic Syndrome is an approvable indication and no regulatory agency has weighed in on the matter. This has been the cause of confusion among many physicians resulting in different emphasis on intervention. However, there is close agreement between physicians surveyed in major markets as to the top three indications. The largest unmet medical need among these indications is obesity and obesity represents the largest opportunity. However, any single NCE or combination of existing drugs that can treat 3 indications will be a major advance. Any therapy will be an intervention and will have to have a very clean safety profile. Morbidity and mortality studies with existing therapies and combinations will be needed to establish outcomes. Drug Dev. Res. 67:539,544, 2006. 2006 Wiley-Liss, Inc. [source]


Volatility of changes in G-5 exchange rates and its market transmission mechanism

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 1 2002
Bwo-Nung Huang
Abstract This paper studies the transmission mechanism of G-5 exchange rate changes within each market and across the three major markets: London, New York and Tokyo. It is found that the volatility in both the London and New York markets leads that of Tokyo. In addition, the New York market slightly leads the London market in its volatility. After the Euro monetary system crisis, the frequencies of both the volatility spillover effect from London to New York and mutual feedback phenomena have increased. Furthermore, the volatility spillover effects from both London and New York to Tokyo have been on the rise after the Asian financial debacle. Within the framework of the causality model, we find better forecasting performance in predicting G-5 exchange rates across the three markets. It outperforms the traditional ARMA model in terms of both in- and out-sample forecasting. Copyright 2002 John Wiley & Sons, Ltd. [source]


Anticandidal low molecular compounds from higher plants with special reference to compounds from essential oils,

MEDICINAL RESEARCH REVIEWS, Issue 2 2006
A. Pauli
Abstract The most active low molecular weight compounds from higher plants against Candida species are compiled from a database of antimicrobials (Amicbase) to find out new hints on their mechanism of action. The selected compounds possess strong inhibitory activities in vitro against Candida species either in the agar diffusion test, bioautography, agar dilution test, serial dilution test, or activity in the vapour phase. The test conditions are listed thoroughly and aspects of the different methods and recent developments in the testing of anticandidal drugs are discussed. The anticandidal spectra of drugs, antiseptics, and disinfectants licensed on the major markets are given for comparision of activities with compounds from natural sources. So far known mechanisms of action are described and some new structure,activity relationships are deduced from relationships between biological activities and chemical and physical parameters. Main specific targets of natural anticandidals are the ergosterol pathway, respiratory chain, and chitin biosynthesis. 2005 Wiley Periodicals, Inc. Med Res Rev [source]


Does OPEC have enough spare capacity?

OIL AND ENERGY TRENDS, Issue 5 2005
Article first published online: 18 MAY 200
As world oil demand continues to rise strongly, OPEC is raising its own output accordingly. At present, markets seem to be adequately supplied and crude oil stocks show signs of increasing in the US and other major markets. Most OPEC countries, however, are now producing close to their physical limits and there are increasing worries that if demand goes on growing at its present rate there will be scarcely any spare output capacity available outside Saudi Arabia. [source]