宝城期货股指期货早报-20250829

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - For IH2509, the short - term view is "oscillation", the medium - term view is "rise", the intraday view is "oscillation with a bullish bias", and the overall view is "rise" due to strong support from favorable policy expectations [1]. - For IF, IH, IC, and IM, the intraday view is "oscillation with a bullish bias", the medium - term view is "rise", and the overall reference view is "rise". The stock index will mainly oscillate and consolidate in the short term and rise in the medium and long term [5]. 3. Summary by Related Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, short - term: oscillation; medium - term: rise; intraday: oscillation with a bullish bias; view reference: rise; core logic: favorable policy expectations provide strong support [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - Yesterday, each stock index showed an N - shaped trend and closed up after oscillating throughout the day. The total turnover of the Shanghai, Shenzhen, and Beijing stock markets was 3.0009 trillion yuan, a decrease of 196.9 billion yuan from the previous day [5]. - Due to large gains in some stocks, the dynamic price - to - earnings ratios of each stock index are above the 80th percentile in the past 5 years, so there is a need for technical adjustment. However, the trading volume is still high, indicating an optimistic market sentiment [5]. - The rebound momentum of the stock index comes from favorable policy expectations and loose liquidity in the capital market. Anti - involution and consumption - promotion policies optimize the supply - demand structure, and the recent decline in market interest rates has increased the willingness to allocate funds to the stock market [5].