宝城期货股指期货早报（2025年10月28日）-20251028

1. Report Industry Investment Rating - No information provided about the report industry investment rating 2. Core Viewpoints of the Report - The stock index is expected to be in a wide - range oscillation in the short term, with the market's future trend depending on the game between the fermentation rhythm of policy - positive expectations and the profit - taking rhythm of funds [4] - For the IH2512 variety, the short - term view is oscillation, the medium - term view is upward, the intraday view is oscillating strongly, and the overall view is wide - range oscillation [1] 3. Summary According to Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For the IH2512 variety, the short - term is oscillation, the medium - term is upward, the intraday is oscillating strongly, and the view reference is wide - range oscillation. The core logic is the game between the profit - taking willingness of funds and the policy - positive expectations [1] 3.2 Main Variety Price Quotes Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is oscillating strongly, the medium - term view is upward, and the reference view is wide - range oscillation [4] - The previous day, each stock index oscillated upward. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2356.6 billion yuan, an increase of 365 billion yuan compared with the previous day [4] - After the China - US economic and trade consultations, external uncertainty risk factors eased, and investors' risk appetite recovered. The release of the communiqué of the Fourth Plenary Session of the 20th CPC Central Committee brought policy - positive expectations, driving up market risk appetite. However, as the stock valuation rises, there is still a willingness for profit - taking among profitable funds [4]