Özet:
This paper aims to understand the impact of US nonfarm payroll
announcements on emerging stock markets through concentrating on the
Turkish Stock Exchange: BIST 100. We not only investigate the impact of
each of the three components of the nonfarm payroll data for the whole
period under consideration, but also look for possible differences among four
sub-periods. A comparative analysis leads us to conclude that it is not the
nonfarm payroll which significantly affect BIST 100, but the fact that it is
regarded as an important indicator to foresee Fed’s policy actions that can
alter the capital flows.