As one of the three major financial futures, stock index futures, which was born the latest but developed the fastest, have become the most active financial derivatives. However, this is very strange to domestic investors, especially those who have never been exposed to stock index futures. I don't know what factors affect the price of stock index futures The following small series introduces six fundamental factors that affect the price of stock index futures.

What are the basic factors that affect the price trend of stock index futures?

1, macroeconomics

Generally speaking, the macro-economy is running well and the stock index will show an upward trend; In the context of the deterioration of macroeconomic operation, stock indexes tend to show a downward trend.

2. Rising prices

Moderate inflation can stimulate production to a certain extent, because it can promote the increase of the nominal income of enterprises and the nominal income of stock investment, especially in the case that interest rates and prices rise disproportionately, people will be keen to invest in stocks to preserve their value. However, if inflation rises too fast, or even exceeds double digits, it will cause people's real income to fall and market demand to be insufficient, aggravate overproduction, and eventually make the stock price fall.

3. The principle of supply and demand

Stock index futures itself has no specific physical assets, so its price changes are greatly influenced by the contract supply and demand in the futures market. When the supply exceeds the demand, the futures contract price falls; On the contrary, when supply exceeds demand, the price of futures contracts will rise.

Step 4 be popular

When "popularity" is high, even if the stock market index is not high at that time, the market price of stock index futures will rise; On the other hand, if "popularity" declines, the market price of stock index futures will fall even if the stock market index is high at that time.

5. Cycle

Because the price of stock index futures often follows the trend of stock spot market index, and the change of spot index is influenced by economic cycle, the price of stock index futures will also rise and fall with the change of economic cycle.

6. Asset liquidity

When the market funds are abundant, the purchasing power of the stock market is relatively strong, which will push the stock price index up. Of course, too much money may also lead to inflation and asset bubbles. Usually, when the money supply increases, some idle funds in society will be invested in securities trading, thus raising the stock index; On the contrary, when the money supply decreases and the purchasing power of society declines, the stock index will also fall accordingly.

As a type of futures trading, stock index futures trading has basically the same characteristics and processes as ordinary commodity futures trading. The above is the relevant content about the influencing factors of stock index futures price, and I hope it will help everyone.