Global Asset Market Performance - The latest yields of 10 - year government bonds in major economies: US 4.244, UK 4.543, France 3.427, Germany 2.856, Italy 3.464, Spain 3.220, Switzerland 0.228, Greece 3.466, Japan 2.234, Brazil 6.205, China 1.814, Australia 4.814, New Zealand 4.628 [2] - The latest yields of 2 - year government bonds in major economies: US 3.573, UK 3.735, Germany 2.096, Japan 1.242, Italy 2.148, China (1Y yield) 1.292, Australia 4.189 [2] - The latest exchange rates of the US dollar against major emerging - economy currencies: Brazil 5.197, South Africa zar 15.773, South Korean won 1436.250, Thai baht 31.052, Malaysian ringgit 3.920 [2] - The latest exchange rates of the RMB: on - shore RMB 6.948, off - shore RMB 6.944, RMB central parity rate 6.976, RMB 12 - month NDF 6.815 [2] - The latest values of major economies' stock indices: S&P 500 6978.030, Dow Jones Industrial Average 49015.600, NASDAQ 23857.450, Mexican stock index 69959.730, UK stock index 10154.430, French CAC 8066.680, German DAX 24822.790, Spanish stock index 17607.600, Russian stock index (not available), Nikkei 53358.710, Hang Seng Index 27826.910, Shanghai Composite Index 4151.238, Taiwan stock index 32803.820, South Korean stock index 5170.810, Indian stock index 8320.556, Thai stock index 1338.900, Malaysian stock index 1756.490, Australian stock index 9250.602, emerging - economy stock index 1556.800 [2] - The latest values of credit - bond indices: Eurozone investment - grade credit - bond index 267.587, Eurozone high - yield credit - bond index 413.360 [2] Stock Index Futures Trading Data - Index performance: A - share closing price 4151.24 (up 0.27%), CSI 300 closing price 4717.99 (up 0.26%), SSE 50 closing price 3060.56 (up 0.27%), ChiNext closing price 3323.56 (down 0.57%), CSI 500 closing price 8601.16 (up 0.61%) [3] - Valuation: PE(TTM) of CSI 300 14.20 (up 0.06), SSE 50 11.67 (up 0.04), CSI 500 38.95 (up 0.25), S&P 500 27.87 (unchanged), German DAX 19.26 (down 0.06) [3] - Risk premium: 1/PE - 10 - year interest rate of S&P 500 - 0.66 (unchanged), German DAX 2.34 (up 0.04) [3] - Fund flow: A - share latest value - 1539.22, 5 - day average - 1092.50; Main - board latest value - 940.00, 5 - day average - 842.94; ChiNext latest value - 483.26, 5 - day average - 201.04; CSI 300 latest value - 581.72, 5 - day average - 527.18 [3] Other Trading Data - Transaction amount: Shanghai and Shenzhen stock markets latest value 29654.10 (up 704.28), CSI 300 latest value 8294.14 (up 1141.46), SSE 50 latest value 2526.23 (up 502.96), Small - and - medium - sized board latest value 5584.64 (up 21.30), ChiNext latest value 7441.76 (down 8.67) [4] - Main contract basis: IF basis 14.81 (0.31%), IH basis 9.24 (0.30%), IC basis 20.84 (0.24%) [4] - Treasury - bond futures: T2303 closing price 108.21 (up 0.02%), TF2303 closing price 105.87 (up 0.03%), T2306 closing price 108.19 (up 0.02%), TF2306 closing price 105.92 (up 0.03%) [4] - Fund interest rates: R001 1.4381% (down 19.00 BP), R007 1.6122% (down 2.00 BP), SHIBOR - 3M 1.5947% (down 1.00 BP) [4]

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（2026 年 1 月 29 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 | | --- | --- | --- | --- | --- | --- | | IH2603 | 震荡 | 震荡 | 偏强 | 震荡整理 | 估值端提升较快，股指震荡整固 需求升温 | 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%为弱势，跌幅 0~1%为偏弱，涨幅 0~1%为偏强，涨幅大于 1%为强势。 3.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：偏强 中期观点：震荡 参考观点：震荡整理 核心逻辑：昨日各股指均震荡整理。沪深京三市成交额 29923 亿元，较上日放量 708 亿元。目前股 市处于震荡整理行情，资金面在追涨与止盈之间出现分歧，日内反复波动 ...

（文章来源：每日经济新闻） 每经AI快讯，周三（1月28日）纽约尾盘，标普500股指期货最终涨0.15%，道指期货跌0.04%，纳斯达 克100股指期货涨0.79%。罗素2000股指期货跌0.48%。 ...

Report Information - Report Title: Stock Index Futures Data Daily Report [1] - Report Date: January 28, 2026 [2] IM Futures Market Summary - The underlying index, CSI 1000, closed at 8399.79, up 0.21%. The IM main contract rose 0.16% to close at 8377.8 points [4]. - The total trading volume of the four IM contracts was 194,080 lots, down 68,320 lots from the previous day. The total open interest was 382,766 lots, down 15,637 lots from the previous day [5]. - The main contract was at a discount of 21.99 points to the spot, up 2.96 points from the previous day, with an annualized basis rate of -1.84% [5]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 1000 | 8399.79 | 0.21% | 34,966 | -4% | 627.4 billion | 0% | - | - | - | | IM2602 | 8407.40 | 0.22% | 33,363 | -24% | 5.59 billion | -23% | 56,743 | -4,390 | 1.14 billion | | IM2603 | 8377.80 | 0.16% | 114,744 | -28% | 19.16 billion | -27% | 180,338 | -11,585 | 3.63 billion | | IM2606 | 8242.60 | 0.31% | 31,617 | -26% | 5.19 billion | -25% | 107,190 | -2,172 | 2.12 billion | | IM2609 | 8075.00 | 0.30% | 14,356 | -17% | 2.31 billion | -16% | 38,495 | 2,510 | 750 million | [4] Main Seats Data - For different contracts (IM2602, IM2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [16][18][20] IF Futures Market Summary - The underlying index, CSI 300, closed at 4717.99, up 0.26%. The IF main contract rose 0.07% to close at 4732.8 points [21]. - The total trading volume of the four IF contracts was 142,902 lots, down 62 lots from the previous day. The total open interest was 325,948 lots, up 15,622 lots from the previous day [22]. - The main contract was at a premium of 14.81 points to the spot, up 2.3 points from the previous day, with an annualized basis rate of 2.2% [22]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 300 | 4717.99 | 0.26% | 38,226 | - | 82.94 billion | - | - | - | - | | IF2602 | 4727.80 | 0.08% | 32,633 | -23% | - | - | 43,478 | - | 700 million | | IF2603 | 4732.80 | 0.07% | 84,387 | -4% | 11.98 billion | -3% | 185,840 | 7,628 | 3.17 billion | | IF2606 | 4716.80 | 0.12% | 18,810 | -8% | 2.66 billion | -8% | 75,464 | 1,638 | 1.28 billion | | IF2609 | 4670.20 | 0.08% | 7,072 | -16% | 900 million | - | 21,166 | 2 | 360 million | [21] Main Seats Data - For different contracts (IF2602, IF2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [33][35][36] IC Futures Market Summary - The underlying index, CSI 500, closed at 8601.16, up 0.61%. The IC main contract rose 0.68% to close at 8622 points [38]. - The total trading volume of the four IC contracts was 170,659 lots, down 40,713 lots from the previous day. The total open interest was 342,398 lots, down 904 lots from the previous day [39]. - The main contract was at a premium of 20.84 points to the spot, up 22.17 points from the previous day, with an annualized basis rate of 1.7% [39]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 500 | 8601.16 | 0.61% | 31,177 | 3% | 61.27 billion | 0% | - | - | - | | IC2602 | 8623.20 | 0.66% | 28,560 | -15% | 4.9 billion | -14% | 45,306 | -2,648 | 940 million | | IC2603 | 8622.00 | 0.68% | 94,115 | -23% | 16.15 billion | -22% | 167,295 | -5,924 | 3.46 billion | | IC2606 | 8574.80 | 1.04% | 37,044 | -11% | 6.31 billion | -9% | 98,677 | 5,130 | 2.03 billion | | IC2609 | 8469.00 | 1.08% | 10,940 | -23% | 1.84 billion | -21% | 31,120 | 2,538 | 630 million | [38] Main Seats Data - For different contracts (IC2602, IC2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [51][53][55] IH Futures Market Summary - The underlying index, SSE 50, closed at 3060.56, up 0.27%. The IH main contract fell 0.01% to close at 3069.8 points [57]. - The total trading volume of the four IH contracts was 63,381 lots, down 4,488 lots from the previous day. The total open interest was 118,402 lots, up 3,905 lots from the previous day [57]. - The main contract was at a premium of 9.24 points to the spot, down 2.37 points from the previous day, with an annualized basis rate of 2.11% [58]. Contract - Specific Data | Contract | Closing Price | Change | Volume | Volume Change | Turnover | Turnover Change | Open Interest | Open Interest Change | Margin | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | SSE 50 | 3060.56 | 0.27% | 9,637 | 28% | 25.26 billion | 25% | - | - | - | | IH2602 | 3065.60 | -0.03% | 14,236 | 5% | 1.31 billion | 5% | 17,477 | 942 | 190 million | | IH2603 | 3069.80 | -0.01% | 38,337 | -7% | 3.53 billion | -7% | 67,766 | 1,717 | 750 million | | IH2606 | 3070.00 | -0.13% | 7,689 | -12% | 710 million | -12% | 25,544 | 1,019 | 280 million | | IH2609 | 3046.00 | -0.09% | 3,119 | -28% | 290 million | -28% | 7,615 | 227 | 80 million | [57] Main Seats Data - For different contracts (IH2602, IH2603, etc.), detailed data on the top - ranking members in terms of trading volume, long positions, and short positions, as well as their changes from the previous day, are provided [69][71][73]

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（2026 年 1 月 28 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 | | --- | --- | --- | --- | --- | --- | | IH2603 | 震荡 | 震荡 | 偏弱 | 震荡整理 | 估值端提升较快，股指震荡整固 需求升温 | 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%为弱势，跌幅 0~1%为偏弱，涨幅 0~1%为偏强，涨幅大于 1%为强势。 3.偏强/偏弱只针对日内观点，短期和中期不做区分。 期货研究报告 ◼ 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：偏弱 中期观点：震荡 参考观点：震荡整理 核心逻辑：昨日各股指均震荡整理。沪深京三市成交额 29215 亿元，较上日缩量 3592 亿元。中长期 来看，政策面利好预期以及增量资金持续净流入股市的 ...

每经AI快讯，周二（1月27日）纽约尾盘，标普500股指期货最终涨0.44%，道指期货跌0.87%，纳斯达 克100股指期货涨1.05%。罗素2000股指期货涨0.34%。 （文章来源：每日经济新闻） ...

1. Report's Investment Rating for the Industry - No investment rating for the industry is provided in the report. 2. Core Views of the Report - Overseas data shows the resilience of the US economy, further dampening the Fed's rate - cut expectations. The Fed's non - rate - cut expectations, the possible US government shutdown, and geopolitical turmoil affect asset prices. US stocks are mainly influenced by economic fundamentals [2]. - On the domestic A - share market, the market showed a differentiated trend on Monday. The large - finance and other sectors rose, pulling the index up, while popular themes declined, and trading volume increased, showing a somewhat stagnant upward trend. The base for the broader market is around the 20 - day moving average or 4050. During the earnings report period, cyclical growth stocks with good earnings performance are more stable [2][3]. - The Securities Daily's call to "reject theme speculation and strengthen the rational foundation of the capital market" reflects the management's policy orientation towards a slow - bull market. With the approaching of the pre - Spring Festival trading period, the cooling of leveraged funds is inevitable [3]. 3. Summaries by Relevant Catalogs Important Information - Trump raised the reciprocal tariff rate on South Korea from 15% to 25% due to the South Korean Congress's non - approval of the bilateral trade agreement [5]. - US media reported that Trump thought Iran hoped to reach an agreement [6]. - The probability of a US government shutdown before the end of January is about 80% [7]. - NVIDIA deepened its cooperation with CoreWeave, adding a $2 billion investment [8]. - The EU will fully ban the import of Russian liquefied natural gas in January 2027 and Russian pipeline gas by the end of September 2027 [8]. - The People's Bank of China held the 2026 macro - prudential work meeting to proactively assess systemic financial risks and innovate policy tools to maintain financial market stability [8]. - The Ministry of Foreign Affairs reminded Chinese citizens to avoid traveling to Japan during the Spring Festival [9]. - The Hong Kong Treasury Bureau signed a cooperation agreement with the Shanghai Gold Exchange, aiming to exceed 2000 tons in three years to make Hong Kong a globally trusted gold storage location [9]. - Policies to foster new growth points in service consumption will be introduced soon [10]. - Zijin Mining plans to acquire 100% of Allied Gold Corporation for 28 billion yuan [11]. Futures Market Tracking - **Futures Market Performance**: The Shanghai Stock Exchange 50 Index rose 0.57%, with its futures contracts IH2602, IH2603, IH2606, and IH2609 up 0.69%, 0.67%, 0.76%, and 0.78% respectively. The CSI 300 Index increased 0.10%, and its futures contracts IF2602, IF2603, IF2606, and IF2609 rose 0.21%, 0.22%, 0.30%, and 0.14% respectively. The CSI 500 Index fell 0.97%, and its futures contracts IC2602, IC2603, IC2606, and IC2609 dropped 1.98%, 2.17%, 2.42%, and 2.72% respectively. The CSI 1000 Index declined 1.24%, and its futures contracts IM2602, IM2603, IM2606, and IM2609 decreased 2.40%, 2.67%, 2.68%, and 2.91% respectively [13]. - **Futures Trading Volume and Open Interest**: The total trading volume of futures was 778,013 lots, an increase of 176,215 lots. The total open interest was 39,867 lots, a decrease of 16,877 lots [14]. Spot Market Tracking - **Spot Market Performance**: The Wind All - A Index fell 0.68%, the Shanghai Composite Index dropped 0.09%, the Shenzhen Component Index declined 0.85%, and the ChiNext Index decreased 0.91%. Among sectors, non - ferrous metals, petroleum and petrochemicals, coal, and agriculture, forestry, animal husbandry, and fishery led the gains, while military industry, automobiles, social services, and electronics led the losses [35]. - **Influence of Market Styles on Indexes**: For the SSE 50 Index, the cyclical style contributed positively, while the growth and consumer styles contributed negatively on the day. For the CSI 300 Index, the cyclical and financial styles contributed positively, while the growth and consumer styles contributed negatively. For the CSI 500 and CSI 1000 Indexes, most styles contributed negatively on the day [36][37]. - **Valuation and Other Indicators**: The report presents the valuation and historical quantiles of important indexes and Shenwan sectors, as well as data on market weekly average trading volume, weekly average turnover rate, the number of rising and falling stocks, index trading volume changes, stock - bond relative returns, Hong Kong Stock Connect, margin trading balance, and margin trading net purchase amount and its proportion in A - share trading volume [38][44]. Liquidity Tracking - The report shows the central bank's open - market operations (including money injection, money withdrawal, and net money injection) and the Shibor interest rate level [50][51].

IM每日行情 | | | | | | IM行情概要 | | | | | | | IM成交持仓 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 单位：点、手、亿元 | | | | | | | | | | | | 单位：手 | | | 收盘价 | +/- | 成交量 | +/- | | 成交额 | +/- | 持仓量 | +/- | 持仓保证金 | | 600,000 | | 中证1000 | 8382.15 | 0.20% | 36,566 | | -9% | 6,302 | -10% | | | | | | | IM2602 | 8385.60 | 0.45% | 43,943 | | -9% | 729 | -10% | 61,133 | -2,746 | | 123 | 500,000 | | IM2603 | 8357.20 | 0.55% | 158,438 | | -1% | 2,617 | -2% | 191,923 | 244 | | 385 | 400,000 | | IM2 ...

（文章来源：每日经济新闻） 每经AI快讯，1月27日，股指期货午盘收盘，中证1000指数期货连续涨0.55%， 沪深300指数期货连续跌 0.20%， 中证500指数期货连续涨0.64%， 上证50指数期货连续基本持平。 ...

（文章来源：每日经济新闻） 每经AI快讯，1月27日，股指期货早盘收盘，中证1000指数期货连续跌1.26%， 沪深300指数期货连续涨 0.03%， 中证500指数期货连续跌0.77%， 上证50指数期货连续涨0.46%。 ...