宝城期货股指期货早报（2026年3月3日）-20260303

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The short - term view of the stock index is mainly range - bound, with an intraday view of being on the stronger side and a medium - term view of being in a sideways movement. The overall reference view is range - bound [1][5] - Geopolitical risks are short - term disturbances, and the stock market will ultimately return to its own fundamentals. Policy support expectations and the trend of capital inflows are the main long - term and medium - term logics for the stock index [5] - As the stock index approaches its previous high, if the actual policy implementation fails to exceed market expectations, the willingness of funds to take profits will increase, restricting the upward space of the stock index [5] 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is sideways, the medium - term view is sideways, the intraday view is on the stronger side, and the overall view is range - bound. The core logic is waiting for the implementation of policy support expectations [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is on the stronger side, the medium - term view is sideways, and the reference view is range - bound [5] - Yesterday, each stock index fluctuated and consolidated. The sudden outbreak of the US - Iran conflict over the weekend led to a rapid increase in geopolitical risks, affecting the passage of the Strait of Hormuz. Stocks in sectors such as oil and gas, shipping, military, and gold rose significantly, and the stock market turnover exceeded 3 trillion, showing a volume - increasing consolidation [5] - The impact of geopolitical risks is mainly short - term. Policy support expectations and capital inflows are the main medium - and long - term logics. The Two Sessions will be held this week, with strong policy support for stabilizing the macro - demand expectation and promoting industrial transformation and upgrading, which is beneficial for improving the profit margin of listed companies [5]