Not good. Generally speaking, raising interest rates is regarded as a negative factor in the futures market. Raising interest rates means tightening monetary policy, reducing risk appetite and increasing the cost of capital, which may lead to an increase in borrowing costs and have an impact on economic growth, which may lead to a decline in the stock market and an increase in financial market volatility. These factors usually have a negative impact, leading investors to withdraw from the market.

On the other hand, raising interest rates usually means increasing the value of money, which may have a positive impact on some futures markets, such as commodity markets, because these futures prices are highly correlated with money. It should be noted that this change may be very rapid for short-term traders.

Therefore, investors need to pay close attention to changes in the economy and market, as well as the impact of changes in monetary policy. Long-term investors may need to pay attention to the potential factors of structural changes and take actions accordingly to maximize returns.

Does the spot price necessarily rise when futures rise?

The trend of futures and spot prices is not always the same. Although the futures price usually reflects the market's future supply and demand relationship and price expectation for a certain variety, the spot market is determined by the actual supply and demand situation, and the futures market may be affected by the emotions and psychological expectations of futures traders. Therefore, in some cases, the trend of futures price and spot price may be driven by different factors. When the futures price rises, the spot price does not necessarily rise.

For example, if a variety faces unpredictable external risks, such as political risks, natural disasters or major events, which lead to an increase in futures prices, spot prices may not necessarily rise accordingly.