宝城期货股指期货早报-20250805

Group 1: Report Industry Investment Rating - Not mentioned in the provided content Group 2: Core Views of the Report - The overall view of the stock index is that it is upward in the medium and long term, and mainly in a range - bound oscillation in the short term. For the IH2509 variety, the short - term view is oscillation, the medium - term view is upward, the intraday view is oscillation with a slight upward bias, and the overall view is upward [1][5] - The stock index has a technical consolidation need in the short term, but it is easy to rise and difficult to fall in the short term due to factors such as the mitigation of external risks, the resilience of domestic economic data, and high risk preference in the stock market [5] Group 3: Summary by Relevant Catalogs Variety View Reference - Financial Futures Stock Index Sector - For the IH2509 variety, the short - term is oscillation, the medium - term is upward, the intraday is oscillation with a slight upward bias, and the view reference is upward. The core logic is that the positive policy expectations provide strong support [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is oscillation with a slight upward bias, the medium - term view is upward, and the reference view is upward. The core logic is that the stock index oscillated and rose yesterday. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 1518.2 billion yuan, a decrease of 101.7 billion yuan from the previous day. The trading volume is still above 1.5 trillion yuan, indicating a high risk preference of investors. The expectation of policy reinforcement has weakened in the short term, and there is a need for technical consolidation in the short term. However, external risks are mitigated, domestic economic data is resilient, and the stock market risk preference is high, so the stock index is easy to rise and difficult to fall in the short term [5]