瑞达期货股指期货全景日报-20250917

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View The A - share major indices closed generally higher. The market is in the macro - data verification stage during the performance and policy vacuum period. Although the economic data in August was still under pressure, the previous financial data showed that residents were shifting from excess savings to increased consumption. With the expected reflection of this in subsequent economic data and the Fed's potential interest - rate cut providing room for domestic policy easing, stock indices still have long - term upward potential. It is recommended to buy on dips with a light position [2]. 3. Summary by Relevant Catalogs 3.1 Futures Quotes - Contract Prices: IF (2509) closed at 4553.2, up 36.2; IH (2509) at 2956.2, up 5.8; IC (2509) at 7252.4, up 90.4; IM (2509) at 7547.0, up 93.0. The prices of the corresponding next - main contracts also showed increases or decreases [2]. - Contract Spreads: The spreads between different contracts such as IF - IH, IC - IF, etc. showed various changes, with some increasing and some decreasing [2]. - Seasonal - to - Current Spreads: The spreads between current - season and current - month contracts, and next - season and current - month contracts also had different trends [2]. - Futures Positions: The net positions of the top 20 in IF, IH, IC, and IM showed different changes, with some increasing and some decreasing [2]. 3.2 Spot Prices - The spot prices of the Shanghai - Shenzhen 300, Shanghai Composite 50, CSI 500, and CSI 1000 all increased, and the basis of the corresponding futures contracts also changed [2]. 3.3 Market Sentiment - Trading Volume and Balance: A - share trading volume was 24,029.24 billion yuan, up 358.55 billion yuan; margin trading balance was 23,926.52 billion yuan, up 226.53 billion yuan; north - bound trading volume was 2876.22 billion yuan, up 3.16 billion yuan [2]. - Other Indicators: The proportion of rising stocks decreased, Shibor increased, and the closing prices and implied volatilities of call and put options of the Shanghai - Shenzhen 300 index showed different trends [2]. 3.4 Market Strength - Weakness Analysis - The overall strength - weakness analysis of the A - share market showed that the technical aspect weakened, while the capital aspect strengthened [2]. 3.5 Industry News - The nine - department policy on expanding service consumption proposed 19 measures in five aspects, including promoting service - consumption seasons and expanding opening - up in certain fields [2]. - US retail sales in August increased by 0.6% month - on - month, with real retail sales growing by 2.1% year - on - year after inflation adjustment [2]. 3.6 Key Events - The Fed, Bank of England, and Bank of Japan will announce their interest - rate decisions on September 18 and 19 [3].