The relationship between long and short supply and demand in futures contracts. When demand exceeds supply, futures and contract prices fall; On the contrary, when the long supply is less than the demand, the futures and contract prices rise; The trend of spot stock market directly affects the price of stock index futures. In particular, the stock price changes of large-cap stocks in the index of stock index futures often have a great influence on the rise and fall of stock index, and also drive the changes of stock index futures prices;

The psychological factors of investors affect the price of stock index futures. When "popularity" is high, even if the stock market index at that time is not high, the market price of stock index futures will rise; "Popularity" declines, even if the stock market index is high at that time, the stock index futures market price will also fall; The economic cycle of the stock market affects the price of stock index futures. Therefore, with the change of economic cycle, the price of stock index futures will also rise and fall;

The policies formulated by the government will also directly affect the price of stock index futures. In addition, many macro variables, such as inflation and exchange rate changes, will affect the prices of stock index futures and contracts to varying degrees.

Extended data

The influence of financial policies on stock index futures prices: Due to the economic market-oriented reform, industrial structure adjustment and regional structure adjustment, countries often introduce policies to change interest rates, exchange rates, industries and regions, which will have an impact on the whole economy or some industry sectors, and then affect the trend of Shanghai and Shenzhen 300 constituent stocks and their indexes.

Joint stock companies often borrow money from banks. With the increase of loans, banks gradually strengthen their control over enterprises and gain considerable voice. Corporate income decreases, hoping to stabilize dividends, but banks will support enterprises to pay less dividends or stop dividends for their own safety, thus affecting the stock price.

Baidu Encyclopedia-Stock Index Futures Price