股指日报：股指放量上涨，期指贴水收敛-20250717

Group 1: Investment Rating - No investment rating information provided Group 2: Core View - The stock index showed strong performance today. The TMT sector led the gains due to positive news from the founder of NVIDIA at the Third Chain Expo, and the significant decline of GC001 indicated ample market liquidity, leading to better performance of small and medium - cap stock indices. The spot market rose with increased trading volume, and the four major index futures showed a significant convergence of discounts, suggesting improved market sentiment. It is expected that the phased adjustment is over, and the overall index trend will return to an upward trend. The recommended strategy is to hold long positions and wait and see [6] Group 3: Market Review - Today, the stock index was strong, with small and medium - cap stock indices outperforming large - cap ones. The trading volume of the two markets increased by 973.31 billion yuan, and all index futures rose with increased trading volume [4] Group 4: Important Information - The US PPI was flat month - on - month in June, and the May data was revised up to a 0.3% increase, with a year - on - year increase of 2.3%, the mildest annual increase since last September. There were reports that Trump drafted a letter to fire Powell, but Trump denied the dismissal rumor while suggesting that there could be justifiable reasons. NVIDIA founder and CEO Huang Renxun attended the Third Chain Expo and said that the next wave of AI will be robot systems, and in the next decade, factories will be driven by software and AI [5] Group 5: Futures Market Observation - The intraday gains of IF, IH, IC, and IM were 0.93%, 0.39%, 1.33%, and 1.42% respectively. The trading volumes were 10.5631 million lots, 5.2058 million lots, 9.9016 million lots, and 19.597 million lots respectively, with changes of 0.5367 million lots, 0.2572 million lots, - 0.1184 million lots, and - 0.1921 million lots compared to the previous period. The open interests were 26.3172 million lots, 9.4545 million lots, 22.3761 million lots, and 33.1365 million lots respectively [7] Group 6: Spot Market Observation - The Shanghai Composite Index rose 0.37%, and the Shenzhen Component Index rose 1.43%. The ratio of rising to falling stocks was 2.20. The trading volume of the two markets was 15393.69 billion yuan, an increase of 973.31 billion yuan compared to the previous period [8]