How do stock prices respond to the leading economic indicators? Analysis of large and small shocks

Does US monetary policy uncertainty affect returns of Asian Developed, emerging, and frontier equity markets? Empirical evidence by using the quantile-on-quantile approach

“…Furthermore, these outcomes align with [ 12 , 50 ], which posits that MPU generally has a negative effect on stock returns. Wen's examination of US MPU compared to stock returns in G7 and BRICS countries revealed a consistently negative relationship between the independent variable (IV) and the dependent variable (DV) in nearly all the countries, with G7 nations experiencing a stronger negative impact.…”