投资咨询业务资格：证监许可【2011】1778 号 宝城期货股指期货早报（2025 年 5 月 16 日） ◼ 品种观点参考—金融期货股指板块 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | IH2506 | 震荡 | 震荡 | 震荡偏强 | 区间震荡 | 政策端利好构成较强支撑 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 品种：IF、IH、IC、IM 日内观点：震荡偏强 中期观点：震荡 参考观点：区间震荡 核心逻辑：昨日各股指均震荡回调。股市全市场成交额 11904 亿元，较上日缩量 1595 亿元。4 月社 融信贷数据好坏参半，政府债发力明显，但是企业与居民部门融 ...

股指期货早盘开盘 沪深300股指期货（IF）主力合约跌0.08%，上证50股指期货（IH）主力合约跌0.18%，中证500股指期 货（IC）主力合约涨0.15%，中证1000股指期货（IM）主力合约涨0.16%。 ...

股指日报 股指期货日报 2025年5月15日 王梦颖（Z0015429）、廖臣悦 (F03120676) 投资咨询业务资格:证监许可【2011】1290号 缩量调整 市场回顾 今日股指集体收跌，以沪深300指数为例，收盘下跌0.91%。从资金面来看，两市成交额回落1643.32亿 元。期指方面，各品种均缩量下跌。 重要资讯 1.央行发布数据显示，4月末，我国社会融资规模存量同比增长8.7%，M2余额同比增长8%，较上月增速 加快。 核心观点 今日股指缩量调整，大盘股指相对抗跌。四月社会数据昨晚公布，整体来看政府端发力明显，企业信贷和 居民贷款或是受前期关税影响，表现偏弱，需求修复有待提振。随着中美贸易关系缓和，外围不确定性有 所减弱，国内利好政策托底、稳定股市以及国内外流动性宽松的预期较为明确，为指数提供支撑，预计短 期下方空间有限，不过当前指数的驱动以情绪面为主，持续性有待观察，因此建议观望为主，多单可继续 持有。 策略推荐 观望为主 股指日报期指市场观察 | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | 主力日内涨跌幅（%） | -0.74 ...

美国股指期货在沃尔玛财报公布后略微收窄跌幅。 ...

股指期货日度数据跟踪 2025-05-15 一、指数走势 05 月 14 日，上证综指涨跌幅 0.86%，收于 3403.95 点，成交额 5348.73 亿元，深成指数涨跌幅 0.64%，收于 10354.22 点，成交额 7818.54 亿元。 中证 1000 指数涨跌幅 0.15%，成交额 2525.14 亿元，其中开盘价 6144.25，收盘价 6160.37，当日最高价 6199.3，最低价 6111.11； 中证 500 指数涨跌幅 0.3%，成交额 1881.45 亿元，其中开盘价 5778.08，收盘价 5799.12，当日最高价 5835.49，最低价 5750.54； 沪深 300 指数涨跌幅 1.21%，成交额 3194.65 亿元，其中开盘价 3894.84，收盘价 3943.21，当日最高价 3960.52，最低价 3890.65； 上证 50 指数涨跌幅 1.69%，成交额 947.24 亿元，其中开盘价 2708.56，收盘价 2753.78，当日最高价 2766.25，最低价 2708.42。 -5 0 5 10 15 非银金融 有色金属 计算机 基础化工 电子 交通运输 银行 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - On May 14, 2025, the total positions of IF, IH, IC, and IM varieties all increased significantly, with notable position - increasing actions by certain major institutions in both long and short positions [1][8][9][15][20] 3. Summary by Related Catalogs IF - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IF variety increased significantly by 25,069 hands, and the position of the main contract 2506 increased by 20,634 hands [8] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IF variety on that day, Guotai Junan Futures ranked first with a total position of 48,294 hands. CITIC Futures had the largest increase in long positions, with an intraday increase of 7,160 hands, while Zheshang Futures had the largest decrease, with an intraday decrease of 864 hands [4] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IF variety on that day, CITIC Futures ranked first with a total position of 58,416 hands. Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 5,964 hands, while CICC Wealth had the largest decrease, with an intraday decrease of 81 hands [6] IH - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IH variety increased significantly by 18,780 hands, and the position of the main contract 2506 increased by 13,041 hands [9] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 13,168 hands. CITIC Futures had the largest increase in long positions, with an intraday increase of 3,303 hands, while Shenyin Wanguo had the largest decrease, with an intraday decrease of 18 hands [10] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IH variety on that day, Guotai Junan Futures ranked first with a total position of 15,871 hands. CITIC Futures had the largest increase in short positions, with an intraday increase of 3,407 hands, while Huatai Futures had the largest decrease, with an intraday decrease of 437 hands [11] IC - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IC variety increased significantly by 15,835 hands, and the position of the main contract 2506 increased by 14,940 hands [15] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IC variety on that day, CITIC Futures ranked first with a total position of 36,297 hands. Guotai Junan Futures had the largest increase in long positions, with an intraday increase of 3,759 hands, while J.P. Morgan had the largest decrease, with an intraday decrease of 749 hands [15] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IC variety on that day, CITIC Futures ranked first with a total position of 40,268 hands. Guotai Junan Futures had the largest increase in short positions, with an intraday increase of 3,454 hands, while Shenyin Wanguo Futures had the largest decrease, with an intraday decrease of 245 hands [16] IM - **Total Position and Main Contract Position Changes**: On May 14, the total position of the IM variety increased significantly by 28,068 hands, and the position of the main contract 2506 increased by 26,417 hands [20] - **Top Twenty Long - Position Seats Position Changes**: Among the top twenty long - position seats of the IM variety on that day, Guotai Junan Futures ranked first with a total position of 50,018 hands. CITIC Futures had the largest increase in long positions, with an intraday increase of 10,407 hands, while Huatai Futures had the largest decrease, with an intraday decrease of 448 hands [21] - **Top Twenty Short - Position Seats Position Changes**: Among the top twenty short - position seats of the IM variety on that day, CITIC Futures ranked first with a total position of 67,956 hands. CITIC Futures had the largest increase in short positions, with an intraday increase of 9,918 hands, while Shenyin Wanguo Futures had the largest decrease, with an intraday decrease of 610 hands [23]

投资咨询业务资格：证监许可【2011】1778 号 宝城期货股指期货早报（2025 年 5 月 15 日） ◼ 品种观点参考—金融期货股指板块 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | IH2506 | 震荡 | 震荡 | 震荡偏强 | 区间震荡 | 政策端利好构成较强支撑 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 品种：IF、IH、IC、IM 观点参考 获 取 每 日 期 货 观 点 推 送 扫码关注宝城期货官方微信·期货咨询尽在掌握 服 务 国 家 走向世界 知行合一 专业敬业 诚 信 至 上 合 规 经 营 严谨管理 开拓进取 日内观点：震荡偏强 中期观 ...

沪深300股指期货（IF）主力合约涨0.08%，上证50股指期货（IH）主力合约涨0.26%，中证500股指期 货（IC）主力合约持平，中证1000股指期货（IM）主力合约跌0.18%。 股指期货早盘开盘 ...

策略早餐 主要品种策略早餐 金融期货和期权 （2025.05.14） 参考策略：持有 IF2506 多单、多 IF206 空 IM2506 对冲组合 核心逻辑： 1.中美经贸高层会谈取得实质性进展，双方共同发布日内瓦经贸会谈联合声明，达成磋 商机制，成果高于预期，不过利多消息基本被市场消化，短期扰动逐步淡化。 2.市场重回基本面定价逻辑，国内政策托举有助稳定市场预期。"一行一局一会"再出 政策组合拳，措施密集且针对性强。央行推出"数量+价格+结构"组合，"降准降息"释放 流动性、再贷款工具定向发力提质增效；金融监管总局推出稳楼市、稳股市、稳外贸等八项 增量政策；证监会围绕稳定和活跃资本市场强调全力支持中央汇金发挥类平准基金作用、深 化双创改革发展新质生产力、引导长期资金入市等。 3.证监会印发《推动公募基金高质量发展行动方案》，督促行业从"重规模"向"重回 报"转变，或对 A 股市场生态产生中长期影响，中低风险偏好的主动权益资金进一步加大沪 深 300 等权重行业配置或加大红利资产的配置。 股指期货 品种：IF、IH、IC、IM 日内观点：区间震荡，沪深 300 指数相对强势 中期观点：蓄力上涨 1.中美经贸 ...

Group 1 - The basis for the CSI 300 IF2505 contract is at a discount of 0.21, while the SSE 50 IH2505 contract is at a premium of 2.22, the CSI 500 IC2505 contract is at a premium of 0.88, and the CSI 1000 IM2505 contract is at a discount of 3.77 [1] - The month difference for the CSI 300 IF2505-2506 is 35.6, for the SSE 50 IH2505-2506 is 18.4, for the CSI 500 IC2505-2506 is 102.2, and for the CSI 1000 IM2505-2506 is 113.6 [1]