宝城期货股指期货早报（2026年2月12日）-20260212

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term view of IH2603 is volatile, the medium - term view is volatile, and the intraday view is bullish, with an overall view of volatile consolidation due to cautious risk appetite in the stock market before the holiday [1]. - For IF, IH, IC, and IM, the intraday view is bullish, the medium - term view is volatile, and the reference view is volatile consolidation. The core logic is that the stock index was in narrow - range volatile consolidation yesterday. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets decreased by 12.37 billion yuan to 200.1 billion yuan. Near the holiday, the trading willingness of stock market funds is relatively weak. The inflation data in January shows that CPI continued positive growth and PPI's year - on - year decline narrowed, which promotes the repair of corporate profit expectations and macro - expectations. In the long - term, the positive policy expectations and the continuous net inflow of incremental funds into the stock market remain unchanged, and the core logic of the long - term upward movement of the stock index is solid. Overall, the stock index is mainly in range - bound consolidation before the holiday [5]. Group 3: Summary by Relevant Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term is volatile, the medium - term is volatile, the intraday is bullish, and the view is volatile consolidation. The core logic is the cautious risk appetite in the stock market before the holiday [1]. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties are IF, IH, IC, and IM. The intraday view is bullish, the medium - term view is volatile, and the reference view is volatile consolidation. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 200.1 billion yuan, a decrease of 12.37 billion yuan from the previous day. Near the holiday, the trading willingness of stock market funds is weak. The inflation data in January promotes the repair of corporate profit expectations and macro - expectations. The long - term upward core logic of the stock index is solid, and it is mainly in range - bound consolidation before the holiday [5].