Research on Macro and Micro Factors Affecting Futures Market Prices

International School of Economics and Management, Capital University of Economics and Business, Beijing 100070, China

Abstract

When the global economy is closely linked, the stability and development of the futures market is becoming more and more important.This study focuses on the factors affecting the futures market and divides them into macro and micro levels for in-depth analysis. The research adopts the method of theoretical analysis, data research,and case analysis to systematically explore the influence mechanism of each factor. It is found that in terms of macroeconomic policy, monetary policy and fiscal policy change the supply and demand relationship and price trend of futures market by influencing market capital flow, investment and consumption demand; The price fluctuation of the international commodity market is affected by many complicated factors and is interrelated with the futures market, and the foreign futures exchange has a great influence on the futures price of China. At the micro level, investor psychology and information flow significantly affect futures prices, in which noise trader behavior will exacerbate market volatility, The article establishes a relatively systematic and comprehensive analytical framework for the influencing factors of the futures market, thereby providing valuable references for the regulators, investors and related enterprises of the futures market, helping them make more scientific decisions in the complex market environment, and promoting the healthy and stable development of the futures market.