How the World Football Championship Affects

Even among those who are not even football fans, the World Cup produces an attractive effect.

In 2014 there were about 3.2 billion people who watched the matches, and this year more tourers are expected.

The World Cup has also created a remarkable attraction on financial markets, since vendors and agents like anyone else turn their attention from work to play.

A study by Michael Ehmann and David-Jan Jansen, economists from the ECB and Central Bank of Holland, calculated the 2010 and 2014 championship impacts on sales volumes.

The effects were particularly great when the national team played during the opening hours of markets.

Thus, in 2014, when the local representative played during the scholarship hours, the volume of that state's stock exchange was lowered by over 48% of the average. That figure is also true of the 2010 championship, when commercial volumes dropped by about 36%, writes scan

The authors of the study also found that there is an effect on prices, as a result of lack of attention, when the prices on the state stock market that played were cut off from what was happening in the world financial markets at that point.

But it doesn't end here. As football gets more interesting when someone scores a goal, the stock market volume is down by 10% when each of the teams that it played

After the euphoria of the match, the effect still lasts in time, as it takes between 30 and 60 minutes after the end of the match for the trade to become normal.

Wiser merchants, as well as algorithms, can find ways to benefit from the decline of liquidity and the movement not in price signals during matchtime.