股指期货周报：震荡整理，韧性犹在-20251110

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - Last week, the four stock index futures varieties showed a trend of oscillating consolidation, and the A - share market had certain fluctuations but ended the week with a positive line. The market is expected to be in an oscillating upward channel, but the post - third - quarter market will be more tortuous [3][5] Group 3: Summary by Relevant Catalogs Market Review - Last week, the four stock index futures varieties mainly oscillated and consolidated, with CSI 500 having a relatively large adjustment range. All main contracts remained in the futures discount mode, with IH at - 0.15, IF at - 19.39, IC at - 97.71, and IM at - 129.88. The A - share market was affected by the sharp decline of US stocks but recovered in the second half of the week. The market style rotated rapidly, and the expectation of the overall recovery of the new energy industry was increasing [3] Comprehensive Analysis - Overseas, the US federal government shut down, the Fed cut interest rates again in October and maintained its September economic judgment, and the euro - zone economy showed a marginal improvement with the ECB keeping policy rates unchanged. Macroscopically, China's October PMI declined compared to the previous value, and the trade data showed a slight decline in exports and a slowdown in import growth in October, but it will improve in November. The A - share market is still in an oscillating upward channel, but the post - third - quarter market will be more tortuous [4][5]