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宝城期货股指期货早报-20250711
Bao Cheng Qi Huo·2025-07-11 02:22
  1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - In the short - term, the stock index is expected to fluctuate strongly; in the medium - term, it is expected to rise. The main driving force for the stock index rebound since late June is the expectation of policy benefits in the second half of the year, including the optimistic expectation that the "anti - involution" policy will promote the profit repair of the new energy industry and the confidence boost of macro - bottoming policies to the traditional infrastructure and real estate sectors. The market risk preference is positive recently, and the stock index will fluctuate strongly in the short term [4]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, the short - term view is "fluctuation", the medium - term view is "rise", the intraday view is "fluctuation with an upward bias", and the reference view is "fluctuation with an upward bias". 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 - For IF, IH, IC, and IM, the intraday view is "fluctuation with an upward bias", the medium - term view is "rise", and the reference view is "fluctuation with an upward bias". The core logic is that since late June, the stock index has rebounded significantly, driven by the expectation of policy benefits in the second half of the year. Currently, domestic inflation is weak, the endogenous growth momentum of domestic demand is insufficient, and external demand may be affected by tariff factors. More policies to stabilize economic demand and market expectations are needed in the second half of the year, and the market is waiting for the policy cooperation of the Politburo meeting in July. The market risk preference is positive recently, and the stock index will fluctuate strongly in the short term [4].