宝城期货股指期货早报（2025年12月26日）-20251226

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 that the short - term trend is range - bound, with a short - term and medium - term outlook of "oscillation" and an intraday view of "bullish". The long - term trend is positive due to policy support and expected capital inflows, but there may be short - term disturbances [1][5]. 3. Summary Based on Related Catalogs 3.1 Variety View Reference - Financial Futures Stock Index Sector - For IH2603, the short - term and medium - term trends are "oscillation", the intraday trend is "bullish", and the overall view is "range - bound". The core logic is the unchanged policy support expectations and capital inflow trends [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties IF, IH, IC, and IM have an intraday view of "bullish" and a medium - term view of "oscillation", with an overall reference view of "range - bound". Yesterday, the stock indices oscillated and rose, with IM and IC leading the gains. The total stock market trading volume was 1921.8 billion yuan, an increase of 24.6 billion yuan from the previous day. In the long - term, policy support and capital inflow trends support the stock indices. However, in the short - term, there may be disturbances due to tightened capital liquidity at the end of the year, unclear policy signals, and the stock indices approaching previous highs [5].