Eurovision LIVE 2022 result: Ukraine WINS as Sam Ryder takes UK to second place | Television & Radio | Showbiz and television

The UK’s victory in the Eurovision Song Contest will likely lead to profits for Britons in the stock market on Monday, according to new academic research.

A recent study, The Winner Takes It All: Investor Sentiment and the Eurovision Song Contest, found improved stock market performance for traders in the song contest winning nation.

The research, published by academics from Bar-Ilan University in Israel, found a positive shift in investor sentiment in the winning country, leading to a 0.35% higher average return in that country’s markets the first trading day after every win since 1985. .

Kim Cramer Larsson, technical analyst at Saxo Markets, said: “Your nation winning the Eurovision Song Contest can make you perform better on the stock market.

“From a psychological point of view, this level of excitement and euphoria of victory translates into positive investor sentiment.

“For example, a rare win for the UK is likely to give people across the country a much-needed psychological and therefore financial boost by making them wealthier on the stock market next Monday.

“It is not surprising to see these increases in the study, but it does not guarantee that it will always happen – especially with examples like this year due to the ongoing war in Ukraine.

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