宝城期货股指期货早报-20250620

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - For IH2509, short - term outlook is oscillatory, medium - term is upward, and intraday is oscillatory and bullish, with an overall view of range - bound oscillation supported by positive policy expectations [1]. - For IF, IH, IC, and IM, the intraday view is oscillatory and bullish, the medium - term view is upward, and the reference view is range - bound oscillation. Short - term, the stock index will mainly oscillate within a range due to various factors such as geopolitical risks, weak domestic economic data, and uncertain external factors [4]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, short - term: oscillatory; medium - term: upward; intraday: oscillatory and bullish; view reference: range - bound oscillation; core logic: policy - side positive expectations provide strong support [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - Variety: IF, IH, IC, IM. Intraday view: oscillatory and bullish; medium - term view: upward; reference view: range - bound oscillation. Core logic: yesterday, stock indices oscillated and pulled back. Geopolitical risks in the Middle East and weak domestic economic data like credit and inflation data lead to an expectation of more supportive policies. Currently, the support for stock indices comes from loose capital and risk preference, and new incremental policies are needed for further upward movement. There are uncertainties in external factors, so short - term market risk preference is defensive, and stock indices will mainly oscillate within a range [4].