建信期货股指日评-20250522

Report Summary 1. Report Industry Investment Rating - The report does not explicitly mention an industry investment rating. 2. Core Viewpoints - In the medium to long - term, the capital market is expected to rise steadily under the suspension of Sino - US tariff policies and domestic policy support, but there is short - term pressure as the market enters a densely traded area. It is recommended to maintain long positions with a medium - to - low position. The long - term performance of IH and IM is favored [8]. - In terms of market style, the long - term science and technology narrative logic remains, and high - growth technology stocks and dividend sectors may be more advantageous [8]. 3. Summary by Sections 3.1. Market Review and Future Outlook - Market Review: On May 21, 2025, the Wind All - A Index rose 0.08% with over 60% of stocks falling. Among index spot, CSI 300 and SSE 50 rose 0.47% and 0.43% respectively, while CSI 500 rose 0.18% and CSI 1000 fell 0.23%. In index futures, IF, IH, and IC rose 0.41%, 0.49%, and 0.08% respectively, and IM fell 0.31%. Coal, non - ferrous metals, and power equipment sectors led the gains, while media, electronics, and beauty care sectors led the losses [6]. - Future Outlook: Overseas, US Treasury yields are likely to rise further, and the US dollar index has declined. Domestically, the Q1 economic data was good, and the Q2 macro - economy may perform better than expected. The capital market is expected to rise steadily in the medium to long - term, but there is short - term pressure. High - growth technology stocks and dividend sectors may be more advantageous, and the long - term performance of IH and IM is promising [7][8]. 3.2. Data Overview - The report provides various data charts including domestic major index performance, market style performance, industry sector performance, trading volume of Wind All - A, index spot, index futures, and related basis and spread trends, with data sourced from Wind and the Research and Development Department of CCB Futures [9][14][18]. 3.3. Industry News - The People's Bank of China will implement a moderately loose monetary policy to support the real economy [25]. - China opposes EU's unilateral sanctions on Chinese companies and will safeguard its legitimate rights [26]. - China and ASEAN have completed the negotiation of the 3.0 version of the China - ASEAN Free Trade Area, which will promote regional and global trade [28]. - There are signs that Israel may attack Iranian nuclear facilities according to US intelligence [28].