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申万期货品种策略日报——股指-20260106
| 五、宏观信息 | | --- | | 证监会召开资本市场财务造假综合惩防体系跨部门工作推进座谈会。会议认为,资本市场财务造假综合惩防体系建设已进入深化落实的关键阶段,必须坚持问 | | 题导向和系统思维打好综合惩防"组合拳"。进一步增强行政、刑事、民事协同,深化重大案件行刑衔接,完善民事追责支持机制,对财务造假和第三方配合 | | 造假一体打击。强化公司治理内生约束,组织开展新一轮公司治理专项行动。 | | 国家主席习近平同韩国总统李在明举行会谈。习近平指出,80多年前,中韩两国付出巨大民族牺牲,赢得抗击日本军国主义的胜利。今天更应携手捍卫二战胜 | | 利成果,守护东北亚和平稳定。会谈后,两国元首共同见证签署科技创新、生态环境、交通运输、经贸合作等领域15份合作文件。 | | 国务院总理李强在广东调研。李强指出,要进一步完善产业生态,培育拓展应用场景,探索有效的经营模式,推动机器人、无人机等新技术新产品在扩大应用 | | 中加快迭代升级。 | | 宏观信息 商务部等九部门联合发文实施绿色消费推进行动,从丰富绿色产品供给、提升绿色服务消费、创新绿色消费模式等7方面20条具体举措。支持消费者购买新能 | | ...
继续实施更加积极的财政政策:申万期货早间评论-20251212
Group 1: Economic Policy and Market Outlook - The Central Economic Work Conference emphasized the continuation of a more proactive fiscal policy, maintaining necessary fiscal deficits, total debt scale, and expenditure levels, while addressing local fiscal difficulties [1][7] - The meeting highlighted the need for a flexible and efficient monetary policy, utilizing various tools such as reserve requirement ratio cuts and interest rate reductions [7][11] - The A-share market is expected to maintain a long-term bullish trend supported by policy backing, capital flow, and industrial empowerment, with a potential increase in market risk appetite following the Federal Reserve's interest rate cut [3][10] Group 2: Commodity Market Insights - Sugar prices are expected to remain weak in the short term due to increased supply pressure from domestic sugar factories and high production costs, despite some international price rebounds [2][29] - Copper prices rose over 2% due to expectations from the Federal Reserve's actions, with supply disruptions leading to a shift in global copper supply-demand expectations towards a deficit [3][19] - The aluminum market is supported by the Federal Reserve's interest rate cut, while short-term price momentum may weaken due to seasonal demand fluctuations [21] Group 3: Industry-Specific Developments - The automotive industry in China saw a record monthly production exceeding 3.5 million vehicles in November, with significant growth in new energy vehicle production and exports [8] - The international sugar market is influenced by Brazil's faster-than-expected sugarcane processing and India's production recovery, which may impact global sugar prices [2][29] - The domestic methanol market is experiencing a slight increase in production capacity, but overall supply remains under pressure due to import delays and stable demand [14][29]