建信期货股指日评-20250527

Report Summary 1. Report Type - Index Daily Review [1] 2. Date - May 27, 2025 [2] 3. Researchers - Nie Jiayi (Index Futures), contact: 021 - 60635735, niejiayi@ccb.ccbfutures.com, Futures Practitioner Qualification Number: F03124070 [3] - He Zhuoqiao (Macroeconomics and Precious Metals), contact: 18665641296, hezhuoqiao@ccb.ccbfutures.com, Futures Practitioner Qualification Number: F3008762 [3] - Huang Wenxin (Macroeconomics, Treasury Bonds, and Container Shipping), contact: 021 - 60635739, huangwenxin@ccb.ccbfutures.com, Futures Practitioner Qualification Number: F3051589 [3] 4. Market Review and Outlook 4.1 Market Review - On May 26, the Wind All - A Index rose with shrinking volume. It opened higher, then oscillated downward, rebounded in the afternoon, and closed up 0.14%, with over 70% of stocks rising. Among index spot, CSI 300 and SSE 50 opened slightly higher, then oscillated downward, and closed down 0.57% and 0.46% respectively. CSI 500 and CSI 1000 also opened slightly higher, oscillated downward, and then rebounded, closing up 0.29% and 0.65% respectively, indicating better performance of small - and medium - cap stocks. In index futures, futures generally outperformed spot. The main contracts of IF and IH closed down 0.39% and 0.32% respectively, while the main contracts of IC and IM closed up 0.59% and 0.90% respectively (based on the previous trading day's closing price). In terms of sectors, Media, Computer, and Environmental Protection led the gains, rising 2.14%, 1.39%, and 1.22% respectively. Comprehensive, Pharmaceutical Biology, and Automobile led the losses, with declines of - 0.86%, - 1.08%, and - 1.78% respectively [6] 4.2 Market Outlook - Overseas, Trump said on the 23rd that he would impose a 50% tariff on EU goods starting from June 1st, but on the 25th, he extended the tariff negotiation deadline to July 9th at the EU's request. The US stock market opened lower and then rebounded. Domestically, the Q1 macro data showed some resilience, and with the easing of Sino - US relations, the Q2 outlook has also improved. However, the improvement rhythm of domestic demand and the real estate recovery situation still need to be observed. Overall, with the suspension of Sino - US tariff policies and domestic policy support, the capital market is expected to rise steadily. But affected by overseas markets and the pressure from the upper trading - intensive area, it is recommended that previous long positions take profit at an appropriate time and maintain a medium - low position. In terms of market style, the long - term technology narrative logic remains, and with the approval of an additional 60 billion yuan on May 7th to support the long - term entry of insurance funds into the market, high - growth technology stocks and dividend - paying sectors may be more dominant. Strategically, the long - term performance of IH and IM is favored [7][8] 5. Data Overview - There are multiple charts showing domestic major index performance, market style performance, industry sector performance (Shenwan Primary Index), trading volume of Wind All - A, trading volume of index spot, trading volume and open interest of index futures, basis trend of main contracts, inter - delivery spread trend, statistics of major ETF fund shares, and statistics of major ETF trading volume, all sourced from Wind and the Research and Development Department of CCB Futures [10][12][14] 6. Industry News - On the 23rd, Trump proposed to impose a 50% tariff on EU goods starting from June 1st, stating that the EU was established to take advantage of the US in trade and that the US - EU negotiation had made no progress. On the 25th, he extended the tariff negotiation deadline to July 9th at the EU's request and said the conversation was "very pleasant" [26]