宝城期货股指期货早报（2025年12月16日）-20251216

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - For the IH2603 variety, short - term and medium - term trends are expected to be volatile, while the intraday trend is expected to be on the stronger side, with an overall view of volatile and bullish due to the continuous fermentation of policy - positive expectations [1]. - For IF, IH, IC, and IM varieties, the intraday view is bullish, the medium - term view is volatile, and the overall reference view is volatile and bullish. The current macro - economic data shows strong resilience, and the follow - up policy will continue to increase efforts in expanding domestic demand. With the continuous fermentation of policy - positive expectations, the stock market's risk appetite will rise again, and the stock index will be mainly volatile and bullish in the short term [5]. 3. Summary According to Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For the IH2603 variety, the short - term trend is volatile, the medium - term trend is volatile, the intraday trend is on the stronger side, with a view of volatile and bullish, and the core logic is the continuous fermentation of policy - positive expectations [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is bullish, the medium - term view is volatile, and the reference view is volatile and bullish. Yesterday, each stock index fluctuated and consolidated. The total stock market turnover was 1.79 trillion yuan, a decrease of 324.6 billion yuan from the previous day. The current macro - economic data shows strong resilience, but the marginal slowdown of investment and consumption growth rates is still worthy of attention. The follow - up policy will continue to increase efforts in expanding domestic demand, and the expectation of macro - policy benefits is strong, which strongly supports the stock index. With the continuous fermentation of policy - positive expectations and the satisfaction of the technical demand for the stock index to fluctuate and consolidate, the stock market's risk appetite will rise again. In general, the stock index will be mainly volatile and bullish in the short term [5].