specific language like 'fear', 'risk', 'hedging', 'opinion', and, 'crisis', as well as 'positive' and 'negative' sentiments, in …We construct sentiment indices for 20 countries from 1980 to 2019. Relying on computational text analysis, we capture … news articles from the Financial Times. We assess the performance of our sentiment indices as 'news-based' early warning …

We present the sector-based news sentiment indices, which track, for a given industry or sector, the current media … sentiment about this sector. The sentiment index for a particular sector has a natural relationship to the basket of stocks of … demonstrate the added value of such sentiment indices in sector-rotation investment strategies …