瑞达期货股指期货全景日报-20250730

Report Industry Investment Rating - No relevant content provided Core View of the Report - Although China's economic fundamentals were still under pressure in June, financial data showed that the effects of loose monetary policy had emerged and might be reflected in subsequent economic indicators. The third trade negotiation provided more flexibility for the market. However, after the Politburo meeting, without any unexpected policies, market bulls might take profit, and stock index futures were expected to enter a wide - range shock. It was recommended to wait and see [2] Summary by Relevant Catalogs Futures Disk - IF main contract (2509) closed at 4136.4, up 1.8; IF sub - main contract (2508) closed at 4147.0, up 1.6. IH main contract (2509) closed at 2820.0, up 7.8; IH sub - main contract (2508) closed at 2821.4, up 9.0. IC main contract (2509) closed at 6215.4, down 26.2; IC sub - main contract (2508) closed at 6271.2, down 26.8. IM main contract (2509) closed at 6604.2, down 28.8; IM sub - main contract (2508) closed at 6675.6, down 29.8 [2] - IF - IH current - month contract spread was 1325.6, down 14.6; IC - IF current - month contract spread was 2124.2, down 40.8. IM - IC current - month contract spread was 404.4, down 8.8; IC - IH current - month contract spread was 3449.8, down 55.4. IM - IF current - month contract spread was 2528.6, down 49.6; IM - IH current - month contract spread was 3854.2, down 64.2 [2] - IF current - quarter minus current - month was - 41.8, up 1.0; IF next - quarter minus current - month was - 72.6, up 1.6. IH current - quarter minus current - month was - 1.2, down 3.6; IH next - quarter minus current - month was 0.2, down 3.2. IC current - quarter minus current - month was - 192.2, up 2.8; IC next - quarter minus current - month was - 316, up 5.4. IM current - quarter minus current - month was - 260.4, down 1.2; IM next - quarter minus current - month was - 425.8, down 0.8 [2] Futures Position - IF top 20 net positions were - 26,574.00, down 2773.0; IH top 20 net positions were - 14,691.00, down 262.0. IC top 20 net positions were - 11,447.00, down 1360.0; IM top 20 net positions were - 37,384.00, down 2167.0 [2] Spot Price - CSI 300 was at 4151.24, down 0.8; IF main contract basis was - 14.8, down 4.2. SSE 50 was at 2819.35, up 10.8; IH main contract basis was 0.7, down 4.8. CSI 500 was at 6314.69, down 41.5; IC main contract basis was - 99.3, down 6.2. CSI 1000 was at 6718.48, down 55.4; IM main contract basis was - 114.3, down 2.4 [2] Market Sentiment - A - share trading volume (daily, billion yuan) was 18,709.76, up 416.67; margin trading balance (previous trading day, billion yuan) was 19,826.41, up 156.08. Northbound trading volume (previous trading day, billion yuan) was 2334.31, up 67.60; reverse repurchase (maturity, operation volume, billion yuan) was - 1505.0, up 3090.0. Main funds (yesterday, today, billion yuan) were - 399.83 and - 792.11 respectively [2] - The proportion of rising stocks (daily, %) was 31.62, down 9.75; Shibor (daily, %) was 1.317, down 0.049. IO at - the - money call option closing price (2508) was 52.00, down 9.60; IO at - the - money call option implied volatility (%) was 14.42, down 1.22. IO at - the - money put option closing price (2508) was 54.00, down 4.20; IO at - the - money put option implied volatility (%) was 14.42, down 1.22. CSI 300 index 20 - day volatility (%) was 6.52, up 0.02; trading volume PCR (%) was 63.76, up 5.52; open interest PCR (%) was 75.91, up 3.25 [2] Wind Market Strength and Weakness Analysis - All A - shares were at 3.80, down 1.60; technical aspect was at 3.20, down 0.90; capital aspect was at 4.40, down 2.20 [2] Industry News - The Political Bureau of the CPC Central Committee decided to hold the Fourth Plenary Session of the 20th CPC Central Committee, and emphasized that macro - policies should continue to exert force and increase force in due course. It was necessary to implement more proactive fiscal policies and moderately loose monetary policies, release domestic demand potential, boost consumption, promote "two major" construction, expand high - level opening - up, and resolve local government debt risks [2] - From July 28th to 29th, Chinese and US economic and trade leaders held talks in Stockholm. The two sides agreed to extend the suspension of 24% of the US reciprocal tariffs and China's counter - measures for 90 days [2] Key Data to Focus On - On July 30th at 20:15, focus on US ADP employment in July; at 20:30, focus on US Q2 GDP; at 21:45, focus on Bank of Canada interest rate decision. On July 31st at 2:00, focus on Fed interest rate decision; at 9:30, focus on China's July manufacturing, non - manufacturing, and composite PMI; at 10:47, focus on Bank of Japan interest rate decision; at 20:30, focus on US June PCE and core PCE. On August 1st at 9:45, focus on China's July Caixin manufacturing PMI; at 20:30, focus on US July non - farm payrolls report; at 22:00, focus on US July ISM manufacturing PMI [3]