瑞达期货股指期货全景日报-20250708

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View - Although the US restarts the tariff war, the market has become somewhat insensitive after previous fluctuations in trade relations. With the release of semi - annual performance forecasts of listed companies, the market is optimistic about their H1 earnings. The series of growth - stabilizing policies to counter tariff impacts are taking effect, and the PMI, an economic leading indicator, remains in the expansion zone, driving positive expectations for Q2 economic data. Fundamental improvement supports the stock market. As the July Politburo meeting approaches, market bulls may pre - arrange, pushing the stock market up. It is recommended to buy on dips with a light position [2]. 3. Summary by Relevant Catalogs 3.1 Futures Disk - Contract Prices: IF, IH, IC, and IM main and sub - main contracts all increased. For example, the IF main contract (2509) rose to 3958.6, up 39.2; the IH main contract (2509) rose to 2727.8, up 18.8; the IC main contract (2509) rose to 5858.0, up 106.6; the IM main contract (2509) rose to 6235.8, up 123.0 [2]. - Contract Spreads: All contract spreads increased, such as the IF - IH monthly contract spread rising to 1249.4, up 18.0, and the IM - IC monthly contract spread rising to 421.8, up 13.8 [2]. - Quarter - to - Month Spreads: All quarter - to - month spreads increased, like the IF current quarter - monthly spread rising to - 23.8, up 3.2 [2]. 3.2 Futures Positions - The net positions of the top 20 in IF, IH, IC, and IM all increased. For example, the IF top 20 net position rose to - 31,201.00, up 744.0; the IH top 20 net position rose to - 14,840.00, up 1692.0 [2]. 3.3 Spot Prices - Index Prices: The Shanghai and Shenzhen 300, Shanghai 50, CSI 500, and CSI 1000 all increased. The Shanghai and Shenzhen 300 rose to 3998.45, up 33.3; the Shanghai 50 rose to 2747.19, up 15.7; the CSI 500 rose to 5977.74, up 77.3; the CSI 1000 rose to 6407.70, up 80.6 [2]. - Basis: The basis of IF, IH, IC, and IM main contracts all increased. The IF main contract basis rose to - 39.9, up 7.3; the IH main contract basis rose to - 19.4, up 4.1; the IC main contract basis rose to - 119.7, up 33.1; the IM main contract basis rose to - 171.9, up 43.6 [2]. 3.4 Market Sentiment - Trading Volume and Balance: A - share trading volume reached 14,746.13 billion yuan, up 2475.46 billion yuan; the margin trading balance was 18,593.80 billion yuan, up 64.53 billion yuan [2]. - Other Indicators: The proportion of rising stocks was 79.06%, up 18.98%; the IO at - the - money call option closing price (2507) rose to 27.40, up 11.60; the IO at - the - money put option closing price (2507) fell to 46.00, down 22.40 [2]. 3.5 Market Strength - Weakness Analysis - All A - shares, technical, and capital aspects showed improvement. All A - shares rose to 7.60, up 2.20; the technical aspect rose to 7.90, up 1.90; the capital aspect rose to 7.20, up 2.30 [2]. 3.6 Industry News - US President Trump announced tariff letters to 14 countries on social media, with different tariff rates ranging from 25% to 40%, to take effect on August 1st, and postponed the tariff negotiation deadline to August 1st. He also threatened to impose a 10% new tariff on BRICS countries [2].