宝城期货股指期货早报（2025年10月10日）-20251010

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Views of the Report - The short - term view of the stock index is wide - range oscillation, the medium - term view is upward, and the intraday view is oscillating strongly [1][5] - The subsequent trend of the stock index focuses on the game between the fermentation rhythm of policy - positive expectations and the stop - profit rhythm of profit - making funds [5] Group 3: Summary by Related Catalogs Variety View Reference - Financial Futures Stock Index Sector - For IH2512, the short - term trend is oscillation, the medium - term is upward, the intraday is oscillating strongly, and the reference view is wide - range oscillation. The core logic is the conflict between short - term funds' stop - profit willingness and the fermentation of medium - and long - term policy - positive expectations [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, IM. The intraday view is oscillating strongly, the medium - term view is upward, and the reference view is wide - range oscillation [5] - The core logic is that yesterday, each stock index opened and closed higher, with the whole - day trading volume of 2671.8 billion yuan in the Shanghai, Shenzhen, and Beijing stock markets, 474.6 billion yuan more than the previous trading day. The Shanghai Composite Index broke through 3900 points and reached a new high in nearly 10 years. External risk factors during the holiday had limited impact on A - shares, domestic consumption data was good, funds flowed back into the stock market after the holiday, and the policy - positive expectations of the important meeting in October continued to ferment, significantly increasing the risk preference of the stock market. However, the profit - repair expectations of enterprises were under pressure due to the slow repair of price indexes, and the stop - profit willingness of profit - making funds increased after the significant rise in the stock valuation. The performance of small - cap stocks that had risen significantly before was not as good as that of mid - cap stocks recently [5]