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: US Dollar and Federal Reserve - The US dollar has been supported by safe-haven demand due to potential conflicts in the Middle East and the possibility of US involvement [1] - Federal Reserve Chairman Jerome Powell's cautious stance on inflation has reinforced the dollar's performance [1] - Goldman Sachs strategists expect the Fed to lower interest rates twice this year despite raising short-term inflation expectations [1] Group 2: UK Pound and Bank of England - The Bank of England maintained the benchmark interest rate at 4.25%, aligning with market expectations, with a 6-3 voting outcome [4] - The sentiment shifted from "the central bank will fight inflation" to "the rate cut window is opening" following the decision [5] - Market participants are closely monitoring labor market data and energy prices for future policy direction [6] Group 3: Japanese Yen and Government Bonds - The USD/JPY exchange rate showed an upward trend amid ongoing geopolitical concerns, with the dollar outperforming the yen [7] - Japan plans to reduce its government bond issuance by 500 billion yen for the fiscal year 2025/2026, adjusting the issuance of various bond maturities [7] Group 4: Swiss Franc and Swiss National Bank - The Swiss National Bank lowered interest rates by 25 basis points to 0%, marking the sixth rate cut since March 2024 [8] - The accompanying downward adjustment of inflation expectations and cautious outlook on the global economy significantly impacted the currency market [8]