宝城期货股指期货早报（2025年12月8日）-20251208

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report - The overall view for the financial futures stock index sector is oscillating with a bullish bias in the short - term, as the policy - friendly expectations are continuously fermenting [1][5]. 3. Summary by Relevant Content 3.1 Variety View Reference - Financial Futures Stock Index Sector - For IH2512, the short - term view is oscillating, the medium - term view is oscillating, the intraday view is bullish, and the overall view is oscillating with a bullish bias due to the continuous fermentation of policy - friendly expectations [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view for IF, IH, IC, and IM is bullish, the medium - term view is oscillating, and the reference view is oscillating with a bullish bias. - Last Friday, all stock indices rebounded oscillatingly. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 173.9 billion yuan, an increase of 17.73 billion yuan from the previous day. - With the continuous fermentation of policy - friendly expectations in December, the trading volume of the stock market has increased, the margin trading amount and margin balance have rebounded, and the risk appetite of the stock market has recovered. - The Central Economic Work Conference will provide policy guidance for the macro - economic policies of the Two Sessions next year. The policy - friendly expectations will gradually become the main logic of the market. - However, attention should be paid to the short - term disturbances to the stock index caused by the transmission of the risk appetite of external AI assets and the changes in the trading sentiment of domestic capital. In general, the stock index will be mainly oscillating with a bullish bias in the short term [5].