宝城期货股指期货早报-20250825

Report Summary 1. Report Industry Investment Rating No information provided on the report industry investment rating. 2. Report's Core View - The report holds a positive view on the stock index. In the short - term, the stock index is expected to be volatile and strong, and in the medium - term, it is expected to rise. The overall reference view is also a rise. The main reasons include positive investor sentiment, policy support, and the inflow of incremental funds [1][5]. 3. Summary by Related Catalogs Variety View Reference - Financial Futures Stock Index Sector - For IH2509, the short - term view is "volatile", the medium - term view is "rise", the intraday view is "volatile and strong", and the overall reference view is "rise". The core logic is that the positive policy expectations provide strong support [1]. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - Market Performance: Last Friday, all stock indexes rose significantly, with a gain of over 2%. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2.5788 trillion yuan, an increase of 87.2 billion yuan from the previous day. The stock trading volume has exceeded 2 trillion yuan for multiple consecutive days, indicating positive investor sentiment [5]. - Policy Support: Policy expectations strongly support the stock index. Anti - involution policies and consumption - promotion policies optimize the supply - demand structure from the supply and demand sides, promote a moderate recovery of the price index, and help repair corporate profits, driving a positive cycle [5]. - Funding Aspect: The current funding situation is loose, and the yield of fixed - income assets is low. There is a strong demand for wealth management funds to transfer to high - yield assets, which will bring continuous incremental funds to the stock market. The significant year - on - year increase in non - bank deposit data in July reflects this trend [5].