宝城期货股指期货早报-20250612

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The short - term view of the stock index is range - bound, the medium - term view is upward, and the intraday view is slightly bullish. Although there are some factors restricting the upward movement of the stock index, the bottom - support from policies is strong, and the downward risk in the short term is low[1][4] 3. Summary According to Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2506, the short - term trend is oscillatory, the medium - term trend is upward, the intraday trend is slightly bullish, with an overall view of range - bound. The core logic is that the positive policy expectations provide strong support[1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is slightly bullish, the medium - term view is upward, and the reference view is range - bound. Yesterday, each stock index rebounded slightly. The total stock market turnover was 1286.6 billion yuan, a reduction of 164.6 billion yuan compared to the previous day. The result of Sino - US economic and trade consultations is highly uncertain, and the market sentiment is mainly one of waiting and watching. Overseas uncertainties and weak domestic demand suppress the upward momentum of the stock index. However, the weakening of macro - economic indicators increases the expectation of policy support, and the bottom - support of the market is sufficient. The marginal effect of the negative impact of the tariff war is weak, and the short - term downward risk of the market is low[4]