BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

The Current State of the World Stock Market and the Challenges of Its Development
Shuba O. А., Chorna A. V.

Shuba, Olena А., and Chorna, Anna V. (2023) “The Current State of the World Stock Market and the Challenges of Its Development.” Business Inform 1:130–136.
https://doi.org/10.32983/2222-4459-2023-1-130-136

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 6

Download article (pdf) -

UDC 657.1.0121

Abstract:
The purpose of the article is to study the current state of the global stock market and potential challenges on the future path of its development. The study of the state of the world stock market, among other things, is carried out by analytical agencies that single out individual countries to analyze the state of their national stock markets: the USA, the Eurozone, the United Kingdom of Great Britain and Northern Ireland, Japan, China, Canada, and Australia. The largest in terms of proportion in the capitalization of the world market is the market of the group of North American countries (the USA and Canada), which occupies 83.13%. Currently, the global financial market is in a recession phase, which is characterized by high levels of inflation and certain specific features. Over the past decades, the global financial system has acquired additional trends that make their own adjustments to tendencies in the world stock market and create potential challenges to the development of the global securities market. Among the main challenges that affect the prospects of the global stock market, the following can be mentioned: 1) speculative challenge from the growth of the derivatives market; 2) potential challenge from the tendency of democratization of the global stock market. The democratization of the stock market is understood as an increase in the ability of individuals to gain access to capital markets, receive new information, access to investment platforms and investment products, that is, we are talking about the openness of the market and a decrease in its concentration; 3) challenges from the growth of cyber threats that can lead to manipulation of order management systems, which, in turn, leads to incorrect channels, fake orders or failure to submit along with damaging the trade surveillance systems, which will result in enabling the manipulative, illegal trade practices; 4) the negative consequence of standardization of capital raising through stock markets; 5) challenges within the post-COVID paradigm; 6) challenges from changes in the structure of investors; 7) challenges for the world stock market due to the full-scale invasion of Ukraine by the Russian Federation, which affected the energy and consumer sectors, as the commodity markets of oil, gas, agricultural products and fertilizers suffered, mainly having negative consequences for the markets of the continent of Eurasia and Africa. Thus, the global stock market is developing in a paradigm of uncertainty, geopolitical sharpness, significant rates of digitalization and the continuation of the boom in information technology, democratization and the post-pandemic period, which creates its own combination of challenges.

Keywords: world stock market, challenges, derivatives, democratization of the stock market, cyber threats.

Fig.: 6. Tabl.: 1. Bibl.: 15.

Shuba Olena А. – Candidate of Sciences (Geography), Associate Professor, Associate Professor, Department of International Economics and World Economy, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Chorna Anna V. – Master, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

Global Market Outlook. https://russellinvestments.com/us/global-market-outlook#ColorBoxesRoot_87edb688-7ed2-4d09-b925-cc545cae1ab5
“Market capitalization of listed domestic companies (current US$)“. https://data.worldbank.org/indicator/CM.MKT.LCAP.CD
Maverick, J. B. “How Big Is the Derivatives Market?“ https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp
“Future of Capital Markets: Problems & Solutions“. https://online.hbs.edu/blog/post/future-of-capital-markets
“WFE Derivatives Report 2020“. https://www.world-exchanges.org/storage/app/media/research/report_covers/2020%20IOMA%20report%20draft_%20v8%20FINAL%20for%20website.pdf
“The Future of Capital Markets: Democratization of Retail Investing. Insight Report August 2022“. https://www3.weforum.org/docs/WEF_Future_of_Capital_Markets_2022.pdf
“World Inequality Report 2022“. https://wir2022.wid.world/
Trumka, R. “Investment and inequality: Stock markets for whom?“ https://www.oecd.org/finance/investment-inequality-stock-markets.htm
Bischoff, P. “How data breaches affect stock market share prices“. comparitech. February 09, 2021. https://www.comparitech.com/blog/information-security/data-breach-share-price-analysis/
“Capital Markets in 2030. The future of equity capital markets“. https://www.pwc.com/gx/en/audit-services/capital-market/publications/capital-markets-2030.pdf
“S&P Dow Jones Indices“. https://www.spglobal.com/spdji/en/documents/performance-reports/dashboard-us-sector.pdf
Kouzmenko, R., and Sampieri, J. “Sector Performance and Concentration“. https://www.msci.com/research-and-insights/insights-gallery/sector-performance-and-concentration
“Insights on the U. S. Investor. Investing trends are changing. Is the industry prepared for what's next?“ https://www.broadridge.com/_assets/pdf/broadridge-insights-on-us-investor-data-study.pdf
D'Souza, D. “How War Affects the Modern Stock Market“. https://www.investopedia.com/solving-the-war-puzzle-4780889
Jones, M. “How the Ukraine-Russia war rattled global financial markets“. Reuters. August 19, 2022. https://www.reuters.com/markets/europe/how-ukraine-russia-war-rattled-global-financial-markets-2022-08-24

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster