宝城期货股指期货早报-20260401

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Core Viewpoints of the Report - The short - term and medium - term trends of the stock index futures are expected to be range - bound, with a weak intraday view. The core logic is the balance between policy - side benefits and the Middle East geopolitical crisis [1][5] Group 3: Summary by Related Content For IH2606 - Short - term: The trend is expected to be volatile [1] - Medium - term: The trend is expected to be volatile [1] - Intraday: The trend is expected to be weak, with an overall view of range - bound movement. The core logic is the contrast between policy - side benefits and the Middle East geopolitical crisis [1] For IF, IH, IC, IM - Intraday view: Weak [5] - Medium - term view: Volatile [5] - Reference view: Range - bound [5] - Core logic: Yesterday, all stock indices oscillated and pulled back. The Middle East geopolitical situation has high uncertainty, with a risk of escalation. In this context, investors' risk preference is cautious, as shown by the low trading volume in the Shanghai and Shenzhen stock markets. Domestically, the export, social retail, and industrial added - value data from January to February were better than expected, and policies are more focused on structural adjustment, providing long - term support for the stock index. Overall, the stock index is expected to be range - bound in the short term [5]