股指期货：四大全线拉升，近4个月持续上涨

Group 1 - The core point of the article is the formal agreement on a trade framework between the US and Europe, which has led to a rise in domestic stock index futures across the board [1] - Analysts suggest that due to fluctuating expectations of Federal Reserve interest rate cuts and ongoing international geopolitical disturbances, the domestic commodity market is experiencing increased divergence [1] - The recent increase in the procurement price of coking coal by Hebei steel mills by 50/55 yuan per ton indicates a gradual implementation of the seventh round of price hikes for coking coal [1] Group 2 - The short-term supply and demand for coking coal remains relatively stable, but is significantly influenced by macroeconomic sentiment [1] - The main coking coal futures are cautiously supported above the 1000-1100 yuan range, suggesting a more favorable risk-reward ratio for light positions [1] - With the effective implementation of macro policies, China is demonstrating strong resilience, which is enhancing investor confidence and fostering positive interactions between capital and sentiment [1]