1, macroeconomic factors. That is, the impact of macroeconomic environment and its changes on stock market prices, including regular factors such as periodic fluctuations in macroeconomic operation and policy factors such as economic policies implemented by the government.
The stock market is an important part of the whole financial market system, and listed companies are an important subject in the micro-foundation of macroeconomic operation, so the stock price in the stock market will naturally change with the change of macroeconomic operation and will also be adjusted with the adjustment of macroeconomic policies. For example, in general, stock prices will fluctuate with the rise and fall of gross national product.
2. Political factors. That is, political events that affect the price changes of the stock market. The political stability of a country has a direct impact on the stock market. Generally speaking, a stable political situation leads to the stable operation of the stock market; On the contrary, political instability often leads to a decline in stock market prices. In addition, the change of heads of state, strikes and turmoil in major oil-producing countries also have a major impact on the stock market.
Extended data:
The average profit rate of stock price is an objective law about capital flow, which has the following functions:
1. When there is a difference in the investment profit rate between the two departments, the funds will flow from the department with low profit rate to the department with high profit rate until the investment profit rate of the two departments is basically equal. To express the law of average profit rate in a popular phrase is: water flows downwards and funds go to places with high profit rate.
2. The stock price is directly affected by the supply of funds. As the capital entering the stock market increases, the stock price will rise. For example, as soon as the bullish news comes out, peripheral funds will enter the stock market one after another, causing the stock price to rise.
3.1994 The "three major policies" were announced at the end of July, 17,1995 After the announcement of the suspension of treasury bonds futures in May, a large amount of funds were induced to enter the market, which led to the stock market soaring to varying degrees. When the stock market funds are withdrawn, the stock price will fall.
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