Weather vs stock market
The stock market is potentially one of them. Climate and weather are interrelated. They just differ in the context of time and space. Climate is the average of our day to day weather conditions through the lens of time and space. – The aim of this paper is to examine the relationship between weather (temperature) and stock market returns using daily data from Portugal; also, to examine whether the temperature is driven by calendar‐related anomalies such as the January and trading month effects., – Daily financial and weather data from Lisbon Stock Exchange (PSI 20 index) and Lisbon capital for the period 1995‐2007 are considered.