宝城期货股指期货早报（2025年11月10日）-20251110

Group 1: Report Investment Rating - No investment rating provided in the report Group 2: Core Viewpoints - The short - term view of the stock index is mainly range - bound, with the short - term view of IH2512 being "oscillating", the medium - term view being "strong", and the intraday view being "strong - biased". The overall intraday view of IF, IH, IC, IM is "strong - biased", and the medium - term view is "strong", with a reference view of "range - bound" [1][5] - The market is in a stage where the rhythm of policy - driven positive expectations and the rhythm of capital profit - taking are in a game. In the short - term, the stock index is mainly range - bound due to the intertwined long and short factors. In the long - term, policy - driven positive expectations and the trend of capital inflow into the stock market support the stock index, but in November, the incremental policy signals are weakening, and the external risk factors still have uncertainties, so the upward driving force of the stock index is limited [5] Group 3: Summary by Related Content Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2512, the short - term is "oscillating", the medium - term is "strong", the intraday is "strong - biased", and the view reference is "range - bound". The core logic is the game between capital profit - taking willingness and policy - driven positive expectations [1] Main Variety Price Quotation Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, IM is "strong - biased", the medium - term view is "strong", and the reference view is "range - bound". Last Friday, each stock index oscillated and consolidated. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2020.2 billion yuan, a decrease of 55.7 billion yuan from the previous day. The market is in a game stage, and in the long - term, there is support for the stock index, but in November, the upward driving force is limited, and there is still a need for technical consolidation of the stock index [5]