股指期货早报2026.1.22：特朗普TACO，隔夜美资产修复，A股震荡市-20260122

1. Report Industry Investment Rating - No relevant content provided 2. Core Views of the Report - Overseas, the US December existing - home sales pending index monthly rate was - 9.3%, lower than expected and the previous value, indicating a cooling of the US real - estate market. Trump's actions led to a partial reversal of US assets, but market concerns remain. Overnight, the US dollar index rose, US bond yields fell, gold rose, and US stock indexes collectively increased, while the offshore RMB exchange rate slightly depreciated [1]. - In the domestic market, on Wednesday, the broader market showed a weak rebound in the index with continued stock differentiation. Financial weights stabilized the index, while AI hardware and semiconductor weights supported the market, and AI software and commercial aerospace dragged down market sentiment. The market sentiment was weak. Sectors such as non - ferrous metals, electronics, and machinery had the highest gains, while banks, coal, and food and beverage had the highest losses. The 6G technology test has entered the second stage [2]. - Overall, although US dollar assets have partially recovered, market concerns still exist. The overnight recovery of overseas risk assets is positive for A - shares. The A - share market is in the spring market stage, with the market in a short - term shock situation and mainly showing sector rotation. During the annual report performance disclosure period, industries with industrial support, policy catalysis, and performance support should be selected, such as technology (AI power, energy storage, etc.) and cyclical industries (chemicals and non - ferrous metals) [2]. 3. Summary by Relevant Catalogs 3.1 Important News - Greenland situation: Trump reached a cooperation framework with NATO on Greenland, withdrew tariff threats against 8 European countries, and stated no military action to seize the island. Sweden's largest pension fund sold most of its US Treasury bonds worth about $7.7 - 8.8 billion. The European Parliament indefinitely froze the review of the EU - US trade agreement, and a potential Greenland agreement for the US military to build bases was exposed [4]. - The US Supreme Court may reject Trump's request to remove Fed Governor Cook [5]. - Trump's Davos speech: He will vigorously develop nuclear energy, criticize wind turbines, state no military seizure of Greenland, believe the stock market decline is insignificant and will rise with good news, worry about the loyalty of the new Fed chair, claim that the Ukraine issue is close to an agreement, and that the medical health policy will reduce US drug costs by 90% or more [5]. - The Ministry of Industry and Information Technology announced the start of the second - stage 6G technology test [6]. - The minimum down - payment ratio for commercial housing mortgages in 20 cities in Guangdong is set at no less than 30% [6]. - Huang Renxun is reported to plan to visit China in late January [7]. - The US Trade Representative hopes to have another potential trade negotiation with China, and the Ministry of Foreign Affairs responded [7]. - The Ministry of Finance is addressing the "involution - style" competition in government procurement and abnormal low - price issues [7]. - The Ministry of Finance and other three departments will continue the tax policy for innovative enterprises issuing depositary receipts in the domestic market [7]. 3.2 Futures Market Tracking - Futures Market Performance: Details of the closing prices, settlement prices, price changes, price change rates, basis, and other data of上证50,沪深300,中证500, and中证1000 index futures contracts are provided, including different contract expiration months (February, March, June, and September 2026) [9]. - Futures Trading Volume and Open Interest: Information on trading volume, trading volume changes, trading value, trading value changes, open interest, open interest changes, net open interest, and changes in long and short positions of the above - mentioned index futures contracts is presented [10]. 3.3 Spot Market Tracking - Spot Market Performance: Data on the current points, daily, weekly, monthly, and annual price changes, trading value, and other indicators of various major indexes such as万得全A,上证指数,深证成指,创业板指,上证50, and沪深300 are given, as well as data for different industries [32]. - Impact of Market Styles on Indexes: The impact of market styles (cyclical, consumer, growth, financial, and stable) on the上证50,沪深300,中证500, and中证1000 indexes is analyzed, including the number of stocks, weights, and daily, weekly, monthly, and annual contributions [33][34]. - Valuation and Other Indicators: Valuation and historical percentile data of important indexes and Shenwan sectors are presented, along with data on market average daily trading volume, turnover rate, number of rising and falling stocks, index trading value changes, stock - bond relative returns, Hong Kong Stock Connect, margin trading balance, and net margin trading purchases and their proportion in A - share trading value [35][38][41] 3.4 Liquidity Tracking - Central Bank's Open - Market Operations: Data on currency injection, currency withdrawal, and net currency injection of the central bank's open - market operations are provided [47][48]. - Shibor Interest Rate Levels: The levels of different - term Shibor interest rates are shown [47][49]