瑞达期货股指期货全景日报-20250528

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The domestic economic fundamentals have weakened slightly, suppressing the market's bullish sentiment. After the previous market recovery following the easing of the tariff war, the index faces significant pressure at the April high. With the market currently in a policy vacuum and lacking trading volume support, the index is expected to fluctuate weakly. Strategically, it is recommended to go short lightly on rallies in single - sided trading, and construct bear spreads for corresponding option varieties [2] 3. Summary by Related Catalogs 3.1 Futures Contract Prices - IF, IC, IH, and IM main and sub - main contracts all declined. For example, the IF main contract (2506) was at 3805.0, down 7.8; the IC main contract (2506) was at 5568.0, down 14.6 [2] 3.2 Futures Price Spreads - All spreads such as IF - IH, IC - IF, IM - IC, etc. for the current month contracts declined, except for the spreads between different quarters of some contracts which showed an increase [2] 3.3 Futures Net Positions - The net positions of the top 20 in IF, IC, and IM decreased, while the net positions of the top 20 in IH increased [2] 3.4 Spot Prices - The spot prices of the Shanghai and Shenzhen 300, Shanghai 50, CSI 500, and CSI 1000 all declined, and the basis of the main contracts of IF, IH, IC, and IM showed different trends [2] 3.5 Market Sentiment - A - share trading volume and margin trading balance increased, while north - bound trading volume decreased. The proportion of rising stocks decreased, and Shibor declined [2] 3.6 Option Data - The closing price of the IO at - the - money call option decreased, and its implied volatility increased; the closing price of the IO at - the - money put option increased, and its implied volatility decreased [2] 3.7 Market Strength and Weakness Analysis - In the Wind market strength and weakness analysis, the overall A - share and technical indicators declined, while the capital indicator increased [2] 3.8 Key Data to Watch - Key data to watch include the minutes of the Fed's May monetary policy meeting on May 29, US April PCE and core PCE on May 30, and China's May official manufacturing, non - manufacturing, and composite PMI on May 31 [3]