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We find that US news affects Portuguese stock market returns, though less so when US stock market returns are included in the regression. We provide evidence, contrary to common wisdom, that this last result does not derive from contagion.<\/jats:p>","DOI":"10.1093\/rof\/rfn020","type":"journal-article","created":{"date-parts":[[2008,8,14]],"date-time":"2008-08-14T20:23:59Z","timestamp":1218745439000},"page":"401-465","source":"Crossref","is-referenced-by-count":62,"title":["Economic News and International Stock Market Co-movement"],"prefix":"10.1093","volume":"13","author":[{"given":"Rui","family":"Albuquerque","sequence":"first","affiliation":[{"name":"Boston University School of Management and CEPR 1"}]},{"given":"Clara","family":"Vega","sequence":"additional","affiliation":[{"name":"Board of Governors of the Federal Reserve System and William E. 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