光大期货金融期货日报-20251113

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - Stock index futures are expected to continue a structured market, but be cautious about chasing high prices on the current market surface. The A-share non-financial third-quarter report shows positive revenue and profit growth, but ROE remains in a low oscillation range [1]. - Treasury bond futures are expected to continue an oscillatory pattern under the influence of multiple factors such as capital supply, economic expectations, policy orientation, and market sentiment [2]. 3. Summary of Each Section Research Views - Stock Index: The stock market rebounded after hitting a low, with the three major indexes slightly down. The Sino-US summit is beneficial for the improvement of demand and A-share technology stocks' valuation. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China boosts market confidence. A-share non-financial third-quarter reports show positive performance, but the science and technology innovation index valuation is at a historical extreme [1]. - Treasury Bond: Treasury futures closed with gains. The central bank's open market operations increased net investment, and the capital market's weighted average interest rate declined. The bond market is affected by multiple factors and is expected to continue an oscillatory pattern [2]. Daily Price Changes - Stock Index Futures: IH rose 0.32%, IF rose 0.03%, IC fell 0.25%, and IM fell 0.28% [3]. - Stock Indexes: The Shanghai Composite 50 rose 0.32%, the CSI 300 fell 0.13%, the CSI 500 fell 0.66%, and the CSI 1000 fell 0.72% [3]. - Treasury Bond Futures: TS rose 0.01%, TF rose 0.03%, T rose 0.04%, and TL rose 0.13% [3]. Market News - During the "Double 11" peak season in 2025, the express delivery business volume reached 13.938 billion pieces, with a daily average of 634 million pieces, 117.8% of the daily business volume. The peak single-day business volume reached 777 million pieces, setting a new record [5]. Chart Analysis - Stock Index Futures: Charts show the trends and basis trends of IH, IF, IC, and IM [7][8][9][10][11]. - Treasury Bond Futures: Charts show the trends, basis, inter - period spreads, cross - variety spreads, and capital interest rates of treasury bond futures [14][15][16][17][18][20]. - Exchange Rates: Charts show the exchange rates of the US dollar, euro, pound, and yen against the RMB, as well as forward exchange rates and currency indices [23][24][25][27][29].