Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term view of the stock index futures is wide - range fluctuation, the medium - term view is upward, and the intraday view is weak fluctuation. The core logic lies in the game between short - term capital profit - taking intention and the fermentation of medium - and long - term policy favorable expectations [1][5] Group 3: Summary According to Related Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2512, the short - term trend is oscillation, the medium - term trend is upward, the intraday trend is weakly oscillating, and the reference view is wide - range oscillation. The core logic is the game between short - term capital profit - taking intention and the fermentation of medium - and long - term policy favorable expectations [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is weakly oscillating, the medium - term view is upward, and the reference view is wide - range oscillation. Last Friday, each stock index oscillated and consolidated in a narrow range. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 234.94 billion yuan, a decrease of 81.72 billion yuan from the previous day. There are differences in the market. On one hand, there is still a demand for profit - taking of profitable funds; on the other hand, policy favorable expectations and the inflow trend of funds constitute the medium - and long - term driving force for the upward movement of the stock index. The confidence of investors to continue to chase the rise is insufficient, and the profit - taking intention rises. The credit and inflation data in August were weak, and the consumption growth slowed down, indicating weak demand in the real sector, so the expectation of introducing policies to stabilize demand is strong. In terms of funds, the non - bank deposits increased significantly in July and August, and the balance of margin trading remained at a high level, indicating that the stock market continued to attract incremental funds. In the short term, the stock index is expected to mainly show wide - range fluctuations [5]
宝城期货股指期货早报(2025年9月22日)-20250922
Bao Cheng Qi Huo·2025-09-22 02:50