通信行业爆发，股指回升

Report Industry Investment Rating No relevant information provided. Core Viewpoints - The communication industry is booming, and the stock index is recovering. Domestically, policies aim for high - quality urban development by 2030 and 2035. Overseas, the US Q2 GDP shows better - than - expected growth, and the number of initial jobless claims is slightly lower than expected. In the A - share market, the three major indices rebounded, with communication, electronics and other sectors rising, and coal and other sectors falling. The trading volume of the two markets was 3 trillion yuan. US stock indices also rose slightly. In the futures market, the basis of stock index futures declined, and the trading volume increased with increased positions in IF and IM [1]. - In a bull - market expectation, market adjustments are often presented through intensified intraday fluctuations, and this feature is expected to continue until the parade. A more sufficient short - term adjustment is beneficial for the long - term market trend [2]. Summary of Sections Market Analysis - Macro - economic situation: Domestically, the policy is to promote high - quality urban development, with key progress by 2030 and basic completion by 2035. Overseas, the US Q2 real GDP annualized revised value increased by 3.3% quarter - on - quarter, higher than the expected 3.1% and the initial value of 3%. The number of initial jobless claims last week was 229,000, slightly lower than the expected 230,000 [1]. - Spot market: A - share indices rebounded. The Shanghai Composite Index rose 1.14% to 3,843.6 points, and the ChiNext Index rose 3.82%. The communication, electronics and other sectors led the gains, while coal and other sectors led the losses. The trading volume of the two markets was 3 trillion yuan. US stock indices rose slightly, with the S&P 500 rising 0.32% to 6,501.86 points [1]. - Futures market: The basis of stock index futures declined again, with near - month contracts in contango. The trading volume of stock index futures increased, and the positions of IF and IM increased [1]. Strategy - Market adjustments are likely to continue to show intensified intraday fluctuations until the parade. A more thorough short - term adjustment is favorable for the long - term market [2]. Chart References - Macro - economic charts: Include charts showing the relationship between the US dollar index, US Treasury yields, RMB exchange rate and A - share trends [4][5]. - Spot market tracking charts: Present the daily performance of major domestic stock indices, trading volume of the two markets and margin trading balance [4][5][12]. - Stock index futures tracking charts: Provide data on the trading volume, positions, basis and inter - period spreads of stock index futures [4][5][14].