Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-12-10 08:56Report Industry Investment Rating - Not provided in the content Core Viewpoints - A-share market is expected to maintain short-term strength driven by inflation recovery and optimism from the Politburo meeting, but if the Fed's post-meeting statement is hawkish, A-shares may face capital outflow pressure [2] Summary by Relevant Catalogs Futures Disk - IF主力合约（2512）最新4574.2，环比-6.8；IC主力合约（2512）最新7122.2，环比+28.0；IH主力合约（2512）最新2980.8，环比-10.4；IM主力合约（2512）最新7371.4，环比+19.4 [2] - IF-IH当月合约价差1593.4，环比+1.8；IC-IF当月合约价差2548.0，环比+36.8 [2] - IF当季-当月-40.0，环比-0.6；IH当季-当月-10.2，环比-0.4；IC当季-当月-178.2，环比-2.0；IM当季-当月-248.4，环比-12.2 [2] Futures Position - IF前20名净持仓-22,704.00，环比-413.0；IH前20名净持仓-12,252.00，环比-254.0；IC前20名净持仓-22,078.00，环比-676.0；IM前20名净持仓-36,011.00，环比+804.0 [2] Spot Price - 沪深300最新4591.83，环比-6.4；上证50最新2,988.6，环比-9.3；中证500最新7,156.0，环比+34.7；中证1000最新7,408.2，环比+27.7 [2] - IF主力合约基差-17.6，环比-2.6；IH主力合约基差-7.8，环比-1.5；IC主力合约基差-33.8，环比-6.9；IM主力合约基差-36.8，环比-4.1 [2] Market Sentiment - A股成交额（日，亿元）17,916.34，环比-1260.55；两融余额（前一交易日，亿元）25,105.72，环比+100.58 [2] - 北向成交合计（前一交易日，亿元）2196.00，环比-29.69；逆回购（到期量，操作量，亿元）-793.0，环比+1898.0 [2] - 主力资金（昨日，今日，亿元）-617.91，环比-335.68；上涨股票比例（日，%）44.63，环比+20.69 [2] - IO平值看涨期权收盘价（2512）28.40，环比-4.80；IO平值看涨期权隐含波动率（%）12.85，环比+1.01 [2] - IO平值看跌期权收盘价（2512）53.60，环比+7.40；IO平值看跌期权隐含波动率（%）12.72，环比+0.88 [2] - 沪深300指数20日波动率（%）14.34，环比+0.00；成交量PCR（%）59.45，环比-4.85；持仓量PCR（%）77.65，环比-1.72 [2] Wind Market Strength and Weakness Analysis - 全部A股5.20，环比+1.90；技术面4.50，环比+2.20；资金面5.90，环比+1.60 [2] Industry News - The Politburo meeting on December 8 set the tone for the 2026 economic work, with a focus on expanding domestic demand and implementing proactive fiscal and moderately loose monetary policies [2] - In the first 11 months of 2025, China's total goods trade imports and exports reached 41.21 trillion yuan, a year-on-year increase of 3.6% [2] - In November, the CPI decreased 0.1% month-on-month and increased 0.7% year-on-year, while the PPI increased 0.1% month-on-month and decreased 2.2% year-on-year [2] Key Events to Watch - China's November financial data to be released; Fed interest rate decision on December 11 at 3:00; Swiss National Bank interest rate decision on December 11 at 16:30; US initial jobless claims for the week ending December 6 on December 11 at 21:30 [3]