期指：消息面纷繁复杂，下方仍有支撑

Group 1: Report Overview - The report is dated June 3, 2025, and focuses on stock index futures [1] Group 2: Investment Rating - No investment rating for the industry is provided in the report Group 3: Core View - The news is complex, but there is still support below for stock index futures [1] Group 4: Futures Data Tracking - On June 2, all four major stock index futures contracts for the current month declined. IF fell 0.34%, IH fell 0.33%, IC fell 0.61%, and IM fell 0.88% [2] - The total trading volume of stock index futures decreased, indicating a cooling of investors' trading enthusiasm. Specifically, IF decreased by 13,110 lots, IH by 2,353 lots, IC by 27,803 lots, and IM by 58,891 lots [3] - In terms of positions, the total positions of IF decreased by 16,628 lots, IH by 6,971 lots, IC by 13,683 lots, and IM by 26,656 lots [3] Group 5: Futures Member Positions - The data shows the changes in long and short positions of the top 20 members in different contracts of IF, IH, IC, and IM. For example, in the IF2506 contract, long positions decreased by 9,935 and short positions by 12,374 [6] Group 6: Trend Intensity and Important Drivers - The trend intensity of IF and IH is 1, and that of IC and IM is also 1. The range of trend intensity is an integer within [-2, 2] [7] - The US claims that China violated the consensus of the China-US Geneva economic and trade talks, but China firmly rejects the unreasonable accusation. The US has introduced new discriminatory restrictions against China, which has increased the uncertainty and instability of bilateral economic and trade relations [7] Group 7: Other Market News - The sales volume of consumer goods trade - in programs has exceeded 1 trillion yuan this year, driving the continuous recovery of consumption [8] - The Hong Kong stock market rebounded in a V - shape. The Hang Seng Index closed down only 0.57%. Pop Mart rose more than 4%, while the automobile stock sector declined due to the "price war" [8]