Report Summary 1. Report Industry Investment Rating No specific industry investment rating is provided in the report. 2. Core View of the Report - The short - term view for the stock index futures is wide - range oscillation, while the medium - term view is upward. The short - term oscillation is due to the weakening marginal effect of policy - positive expectations and the increasing profit - taking demand of profitable funds. In the long run, policy - positive expectations and loose capital contribute to the upward trend of the stock index [5]. 3. Summary by Related Catalogs 3.1 Variety View Reference - Financial Futures Stock Index Sector - For IH2509, the short - term outlook is oscillation, the medium - term outlook is upward, and the intraday outlook is weakly oscillating. The overall view is wide - range oscillation, with the core logic being that the long - term upward logic remains, but the short - term profit - taking willingness of funds is increasing [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - Market Performance: All stock indices oscillated and declined yesterday. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 239.57 billion yuan, a decrease of 51.67 billion yuan from the previous day [5]. - Short - term Logic: Some stocks have achieved significant gains, leading to an increase in the profit - taking demand of profitable funds. The recent contraction in trading volume reflects market divergence, causing the stock index to enter a short - term technical adjustment [5]. - Long - term Logic: Policy - positive expectations and loose capital strongly support the stock index. Anti - involution and consumption - promotion policies optimize the supply - demand structure, promote the recovery of the price index and corporate profits. The rapid increase in margin trading balance, the surge in non - bank deposits, and the continuous entry of long - term funds drive the recovery of stock valuations [5].
宝城期货股指期货早报-20250904
Bao Cheng Qi Huo·2025-09-04 01:30