《金融》日报-20250728

Report Summary 1. Report Industry Investment Rating There is no information provided regarding the industry investment rating in the reports. 2. Core Views The reports present a comprehensive analysis of various futures markets, including stock index futures, treasury bond futures, precious metal futures, and container shipping futures. They provide detailed data on price differences, ratios, and related market indicators, helping investors understand market trends and potential investment opportunities. 3. Summary by Relevant Catalogs Stock Index Futures - Price Differences: The reports provide detailed data on the price differences of various stock index futures, including IF, IH, IC, and IM. For example, the IF term - spot price difference is -3.33, with a historical 1 - year percentile of 34.10% and a full - historical percentile of 34.80% [1]. - Cross - period Price Differences: Different cross - period price differences are presented, such as the difference between the next - month and current - month contracts, and the difference between the quarterly - month and current - month contracts for each index futures [1]. - Cross - variety Ratios: Ratios between different stock index futures, like IC/IF, IC/IH, and IF/IH, are also provided, along with their historical percentiles [1]. Treasury Bond Futures - Basis and IRR: Data on the basis and implied repo rate (IRR) of treasury bond futures, including TS, TF, T, and TL, are given. For example, the TS basis on 2025 - 07 - 25 is 1.4667, with a change of 0.0162 from the previous day and a historical percentile of 19.10% [2]. - Cross - period Price Differences: Cross - period price differences for different contracts of treasury bond futures, such as the difference between the current - quarter and next - quarter contracts, are presented [2]. - Cross - variety Price Differences: Price differences between different treasury bond futures, like TS - TF, TS - T, and TF - T, are also provided [2]. Precious Metal Futures - Futures and Spot Prices: The reports show the closing prices of domestic and foreign precious metal futures, including AU2510, AG2510, COMEX gold, and COMEX silver, as well as their changes and price - to - spot differences [4]. - Price Ratios and Spreads: Ratios between gold and silver futures, such as COMEX gold/silver and SHFE gold/silver, and spreads between different gold and silver products, like gold TD - SHFE gold and silver TD - SHFE silver, are provided [4]. - Interest Rates and Exchange Rates: Information on interest rates (e.g., 10 - year US Treasury bond yield, 2 - year US Treasury bond yield) and exchange rates (e.g., US dollar index, offshore RMB exchange rate) is also included [4]. Container Shipping Futures - Spot Quotes: Spot quotes for container shipping from Shanghai to Europe by different shipping companies, such as MAERSK, CMA, and MSC, are provided, along with their changes [6]. - Shipping Indexes: Settlement price indexes, including SCFIS (European route) and SCFIS (US West route), and Shanghai export container freight indexes, such as SCFI composite index and SCFI (European), are presented, along with their changes [6]. - Futures Prices and Basis: Futures prices of container shipping futures contracts, like EC2602, EC2604, and EC2508 (the main contract), and the basis of the main contract are provided, along with their changes [6]. - Fundamentals: Data on container shipping fundamentals, including global container shipping capacity supply, port on - time rates, and overseas economic indicators (e.g., Eurozone composite PMI, EU consumer confidence index), are also given [6]. Trading Calendar - Overseas Data/Information: Information on overseas data and information sources for different sectors, such as Brazilian secex weekly reports in the agricultural sector and USDA export inspection and crop growth data in the US, is provided [7]. - Domestic Data/Information: Domestic data and information sources for different sectors, including black and non - ferrous metals (e.g., global manganese ore shipments, iron ore shipments), energy and chemicals (e.g., MEG port inventory in East China, Shandong local refinery crude oil arrivals), and special commodities (e.g., glass sales - to - production ratio, polysilicon production and inventory), are presented [7].