宝城期货股指期货早报（2025年12月24日）-20251224

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The short - term view of the stock index is interval oscillation, with a short - term (within a week) and medium - term (two weeks to one month) view of oscillation and an intraday view of being on the strong side. The core logic is that the positive policy expectations and the net capital inflow trend remain unchanged, but near the end of the year, the capital liquidity is tightening and the policy is in a window period, resulting in insufficient short - term upward driving force [1][5] Group 3: Summary by Related Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is oscillation, the medium - term view is oscillation, the intraday view is on the strong side, and the reference view is interval oscillation. The core logic is the unchanged positive policy expectations and net capital inflow trend [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is on the strong side, the medium - term view is oscillation, and the reference view is interval oscillation. The previous day, each stock index oscillated and consolidated in a narrow range. The total stock market turnover was 191.53 billion yuan, an increase of 33.1 billion yuan compared with the previous day. In the long - term, the positive policy expectations and net capital inflow trend are favorable, providing strong support for the stock index. As the positive policy expectations for 2026 gradually ferment, market risk appetite is rising and the willingness of medium - and long - term funds to allocate is increasing. However, near the end of the year, the capital liquidity is tightening and the policy is in a window period, so the short - term upward driving force is insufficient [5]