瑞达期货股指期货全景日报-20260309

Report Summary 1. Report Industry Investment Rating - Not mentioned in the report 2. Core Viewpoints of the Report - As the impact of overseas geopolitical conflicts on re - inflation expectations is gradually digested by the market, the Two Sessions have become the current focus of the market. The government work report's support for high - tech manufacturing has boosted related sectors, and positive fiscal policy arrangements have strengthened market expectations of policy - supported economic growth. With the weakening of external conflicts, the market refocuses on the domestic situation, and the stable and improving fundamentals also provide support for the market. [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - Futures Contracts: The prices of major and secondary major contracts of IF, IC, IH, and IM all declined. For example, the IF major contract (2603) dropped to 4599.2, down 50.6. The spreads between different contracts also changed, such as the IF - IH current - month contract spread dropping to 1636.8, down 19.2. [2] - Futures Positions: The net positions of the top 20 in IF increased by 1768.0 to 28,976.00, while those of IH decreased by 177.0 to 21,666.00. The net positions of IC and IM decreased by 3446.0 and 4581.0 respectively. [2] - Futures - Spot Relationship: The spot prices of the Shanghai - Shenzhen 300, Shanghai 50, CSI 500, and CSI 1000 all declined. The basis of the IF major contract was - 16.3, down 1.8, while the basis of the IH major contract was - 0.6, up 2.1. [2] 3.2 Market Conditions - Market Transactions: A - share trading volume rebounded significantly to 26,705.82 billion yuan, up 4513.43 billion yuan. The margin trading balance decreased to 26,455.61 billion yuan, down 62.44 billion yuan. North - bound trading volume decreased to 2826.47 billion yuan, down 337.01 billion yuan. [2] - Market Sentiment: The proportion of rising stocks decreased to 25.93%, down 51.71 percentage points. The closing prices and implied volatilities of IO at - the - money call and put options changed. The 20 - day volatility of the Shanghai - Shenzhen 300 index decreased to 15.52%, down 0.03 percentage points. The volume PCR and position PCR increased. [2] - Wind Market Strength - Weakness Analysis: The overall performance of all A - shares was weak, with scores of 3.30, down 4.00, in terms of overall performance, and 2.60, down 5.10, in terms of technical aspects, and 4.10, down 2.80, in terms of capital aspects. [2] 3.3 Industry News - Geopolitical Events: On March 9, local time, Mojtaba Khamenei, the second son of Khamenei, was elected the new supreme leader of Iran. Tensions in the Middle East have escalated, with Iran attacking Israeli oil facilities, leading to production cuts in Middle Eastern oil - producing countries and rising oil prices. [2] - Economic Data: In February 2026, China's CPI increased by 1.3% year - on - year and 1% month - on - month. The PPI decreased by 0.9% year - on - year and increased by 0.4% month - on - month. A - share major indices closed down, with the CSI 1000 being relatively strong, and most industry sectors declined. [2] 3.4 Key Events to Watch - From March 4 - 11, the Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference was held; from March 5 - 12, the Fourth Session of the 14th National People's Congress was held. Other important data releases include China's February trade and financial data (pending), US February CPI and core CPI on March 11 at 20:30, US January trade data on March 12 at 20:30, and US February PCE and core PCE on March 13 at 20:30. [3]