Group 1 - The core point of the article is that the Chicago Mercantile Exchange (CME) Group and Nasdaq have extended the license for Nasdaq-100 futures until 2039 [1]

General Naming Logic - Stock index futures contracts are typically named based on the underlying index, expiration date, and contract type, with slight variations across different markets [4] - The name or code usually consists of the following components: 1. Underlying index identifier: Specifies the stock index tracked by the contract (e.g., CSI 300, S&P 500, Nikkei 225) 2. Expiration date identifier: Indicates the month and year of expiration 3. Contract type (optional): Some markets differentiate between main contracts and continuous contracts, though this is not usually reflected in official naming [4] Specific Market Cases Mainland China (CFFEX) - The China Financial Futures Exchange (CFFEX) has a typical naming rule structured as "index code + last two digits of the expiration year + expiration month," with specific letter codes to distinguish different indices [5] - Current index codes include: - IF: CSI 300 index futures - IC: CSI 500 index futures - IM: CSI 1000 index futures - For example, IF2406 indicates CSI 300 index futures expiring in June 2024 [6] Contract Month Rules - CFFEX stock index futures contracts are available for the current month, the next month, and the following two quarterly months (March, June, September, December) [7] U.S. Market (CME Group) - U.S. stock index futures, primarily traded on the Chicago Mercantile Exchange (CME), follow a naming convention that emphasizes "index abbreviation + contract type + expiration month code," with month codes represented by letters [8] - For example, E-mini S&P 500 futures are coded as ES, followed by the expiration month code and the last two digits of the year [9] Month Code Rules - CME uses a letter-to-month correspondence system, where: - F = January - G = February - H = March - J = April - K = May - M = June - N = July - Q = August - U = September - V = October - X = November - Z = December [10] Japanese Market (Osaka Exchange) - Japanese stock index futures, primarily based on the Nikkei 225 index, have a naming convention similar to that of the U.S., but the month codes may be simplified [11] - For instance, NKD2412 indicates Nikkei 225 futures expiring in December 2024 [11] Summary - The article provides a comprehensive overview of the naming conventions for stock index futures contracts across different markets, highlighting the common elements and specific rules applicable to each market [12]

Group 1 - U.S. financial markets are closed on Thursday, with U.S. stock futures and European stocks declining, as Nasdaq 100 futures fell over 1% [1] - The Chinese Ministry of Commerce is accelerating the review of export license applications related to rare earths in accordance with laws and regulations [1] - The Chinese National Narcotics Control Office has decided to regulate N-ethylpentylone and 12 new psychoactive substances [1] Group 2 - The White House spokesperson stated that Trump will decide within two weeks whether to strike Iran [1] - Trump has repeatedly called for the Federal Reserve to cut interest rates by 2.5 percentage points and criticized Powell as foolish [1] - The EU is pushing for a "UK-style" trade agreement with the U.S., increasingly accepting a 10% tariff level as a baseline for trade agreements [1] Group 3 - Canada is considering raising countermeasures against U.S. steel and aluminum tariffs to protect domestic industries [1] - The Bank of England maintained its current policy but signaled a dovish stance, with the number of officials supporting rate cuts exceeding expectations, raising the likelihood of two 25 basis point cuts this year [1] - Japan is adjusting its bond issuance plan, significantly reducing the issuance of super long-term bonds by over 10% and increasing the issuance of short-term bonds [1] Group 4 - A reminder that China's June LPR will be announced on Friday [1]

Group 1: Oil Market Insights - Trend-following strategies (CTA) are shifting focus to shorting the dollar and going long on gold after a significant short covering in crude oil [1] - WTI crude oil futures surged 13% last week, with a notable 4.9% increase on Wednesday driven partly by forced large-scale liquidations by trend followers [1][4] - Geopolitical factors, such as Israel's strikes on Iran, contributed to the recent price surge, indicating a potential positive trend for crude oil futures in the medium term [4] Group 2: Currency Market Dynamics - The dollar's short positions are nearing extreme levels, with CTAs showing strong consensus on shorting the dollar against the euro, pound, and Mexican peso [6] - Current dollar positions have not yet reached liquidation trigger levels, but a sharp rebound in the dollar could pose risks [11] - The extreme bearish positioning on the dollar reflects deep market pessimism, which could lead to a chain reaction if large-scale liquidations occur [11] Group 3: Gold Market Positioning - Gold is positioned as a key asset in CTA's portfolio, with 100% bullish positioning across all trend models, indicating unprecedented optimism towards the precious metal [12] - Current gold prices are at $3,451 per ounce, with no sell signals triggered in various price path forecasts, reflecting concerns over inflation and geopolitical risks [14] - The one-sided positioning in gold could expose potential systemic risks, as sudden shifts in market sentiment may lead to significant price volatility [14] Group 4: Equity and Fixed Income Trends - There is a noticeable divergence in trend-following models within the equity and bond markets, with long-term models shorting Russell 2000 and Nikkei 225 futures, while short- and medium-term models are bullish on S&P 500, Nasdaq 100, and Nikkei 225 futures [15] - In fixed income, CTAs are shorting 10-year U.S. Treasury futures, while showing a more diversified approach in other global bond futures [16]

纳斯达克100期货抹去早前的涨幅，现持平。 ...

Group 1 - After the GDP data was released, U.S. stock index futures experienced a significant decline, with Nasdaq 100 futures dropping by 1.4% [1] - Dow futures fell by 0.45%, while S&P 500 index futures decreased by 0.96% [1]