股指期货IC2603和IM2603合约均创下上市以来新高，IF2603和IH2603偏强震荡

Report Industry Investment Rating There is no information provided regarding the report's industry investment rating. Core Viewpoints of the Report - On January 14, 2026, the main contracts of stock index futures IF2603, IH2603, IC2603, and IM2603 opened slightly higher. IC2603 and IM2603 reached new highs since their listing, with significant increases compared to IF2603 and IH2603 [2]. - Based on macro - fundamental and technical analyses, the main contracts of stock index futures are expected to show certain trends, resistance, and support levels today and in January 2026 [3]. - In 2025, China's foreign trade imports and exports reached 45.47 trillion yuan, a 3.8% increase. Exports were 26.99 trillion yuan, up 6.1%, and imports were 18.48 trillion yuan, up 0.5% [2][4]. - The World Bank raised the global economic growth forecast for 2026 to 2.6%, 0.2 percentage points higher than the previous prediction [9]. Summary by Relevant Catalogs 1. Market Conditions of Stock Index Futures - January 14, 2026 Market Performance: IF2603 and IH2603 oscillated upward, while IC2603 and IM2603 showed strong upward oscillations. IC2603 reached a new high of 8388.6 points since July 20, 2015, and IM2603 reached a new high of 8419.0 points since July 22, 2022 [2]. - Today's Forecast: IF2603 and IH2603 are expected to oscillate strongly. IC2603 and IM2603 are expected to oscillate strongly and reach new highs. Specific resistance and support levels are provided [3][11][12]. - January 2026 Forecast: The main continuous contracts of IF, IH, IC, and IM are expected to oscillate strongly, with specific resistance and support levels, and IM is expected to reach a new high since its listing [3][14][15]. 2. Macroeconomic and Stock Market News - Foreign Trade in 2025: China's foreign trade had five characteristics: record - high scale, diversified markets, high - quality exports, growing imports, and increased enterprise vitality. For example, high - tech product exports increased by 13.2%, and private enterprise imports and exports increased by 7.1% [6]. - Policy Adjustment: On January 14, 2026, the Shanghai, Shenzhen, and Beijing Stock Exchanges adjusted the margin ratio for margin trading from 80% to 100% to reduce leverage and protect investors' interests [7][8]. - International News: Trump threatened to impose tariffs on countries trading with Iran, canceled talks with Iranian officials, and the US considered military options. The investigation of Fed Chairman Powell continued, and the World Bank adjusted the global economic growth forecast [7][8][9]. - Stock Market Performance: On January 14, 2026, the A - share market rose unilaterally, with the Shanghai Composite Index rising over 1% approaching 4200 points, and the ChiNext Index rising over 2% [10].