80 Quantifying news: Alternative metrics
Table 3.1.Base indices of the Thomson Reuters NewsScope Event Indices family
Base index Description
Agricultural (topic) Agricultural topics (as classified by Reuters) such as cotton/silk,
grains, cocoa, etc.
ASIA Asia (as classified by the Reuters topic code ASIA)
Banking (keyword) Banks, lending, mortgages, and other areas relevant to banking
Bearish (keyword) Indicates negative market conditions, low earnings, poor sales,
drops in financial indices, etc.
Bonds (topic) Topics related to bonds (as classified by Reuters)
Bullish (keyword) Indicates positive market conditions, high earnings, strong sales,
surges in financial indices, etc.
Central bank (keyword) Monetary policy, interest rates, inflation, and other central-
bank-related subjects
Central bank (topic) Central banks (as classified by Reuters)
Corporate (keyword) Earnings, dividends, and other corporation-related subjects
Credit (topic) Credit default swaps, mortgages, real estate, bankruptcies, and
other credit topics
Economic (topic) Economic indicators, trade, and other economic topics
Emerging markets (topic) Emerging markets (as classified by the Reuters topic code
EMRG)
Emotional (keyword) Contains emotional terms and subject matter such as fear,
apprehension, relief, and nervousness
Energy (topic) Energy topics (as classified by Reuters)
EUROPE Europe (as classified by the Reuters topic code EUROPE)
Finance (keyword) General finance subjects such as brokerages, underwriting, and
financial markets
Foreign exchange (keyword) Foreign exchange, such as monetary policy, announcements
from finance ministers, and specific currencies
Foreign exchange (topic) Topics related to foreign exchange (as classified by Reuters)
GB Great Britain (as classified by the Reuters topic code GB)
JP Japan (as classified by the Reuters topic code JP)
Livestock (topic) Livestock (as classified by the Reuters topic code LIV)
Macroeconomic (keyword) Macroeconomic subjects such as housing, inflation, and
manufacturing
Macroeconomic (topic) Macroeconomic topics (as classified by Reuters)
Major news (topic) News in major news topics (as classified by Reuters)
Markets (topic) Exchanges, hedge funds, and investing
Mergers (keyword) Mergers, acquisitions, takeovers, and other merger-related
subjects
Metal (topic) Metals (as classified by the Reuters topic code MET)
Military (keyword) Intelligence, homeland security, fighting, and other military
actions
MX Mexico (as classified by the Reuters topic code MX)
Natural disaster (keyword) Hurricanes, earthquakes, tropical storms, mudslides, and other
natural disasters
Natural disaster (topic) Weather and disasters (as classified by Reuters)
Oil (topic) Oil and oil-producing regions (as classified by Reuters)
Political (keyword) Political subjects such as elections, legislation, referenda, and
diplomacy
Political (topic) Political topics (as classified by Reuters)
Precious metal (topic) Precious metals (as classified by Reuters)
Rates (topic) Interest rates (as classified by Reuters)