Economic Direction: There Are Obvious Arbitrage Operations In The Market.

This cycle refers to the three main force contracts, which should be suppressed first and then promoted. The overall maintenance will remain narrow. The main contract of IF and the main contract of IC will end at two consecutive days. The futures forward contract is more recent than the recent contract. Analysts believe that there are obvious arbitrage operations in the near future, indicating that funds are still optimistic about the medium and long-term market.

From the weekly point of view, IF's main contract and IC's main contract rose 0.35% and 0.72% this week, and the main contract week of IH was three consecutive days, which dropped 0.44% this week. The founder of the mid term Research Institute pointed out that Yang, the index futures this week, overturned and rebounded, but still maintained a narrow range as a whole. Due to the lack of money making effect, Futures Index Market capacity is still weak.

It is worth noting that in the second half of the week, the forward contracts of all varieties are higher than those of the recent contracts, indicating that the funds are more optimistic about the long-term market. For example, on Wednesday, the IF main contract increased by 0.04%. The IF contract next month and IF's next quarter contracts rose by 0.31% and 0.36% respectively, significantly higher than that of the current contract. On Friday, this phenomenon still existed in the IH contract. The IH main contract, IH next month's contract and IH's next quarter contracts rose by 0.44%, 0.45% and 0.53% respectively.

In view of this phenomenon, Xiang Yang believes that the market is much nearer and nearer in the short run. Interest arbitrage Operation shows that funds are more optimistic about the medium and long-term market, and the short-term market will be repeated. On Friday, the IH forward contracts showed strong performance. capital Confidence in the long-term trend of big blue chips. The spot price of the IH contract is the Shanghai Stock Index 50 index, which is mainly based on blue chips such as finance and real estate.

Judging from Friday's market, IF1608 contract rose 21.4 points, or 0.67%, ended up at 3193 points; IH1608 contract closed at 2142.6 points, up 9.4 points, or 0.44%; IC1608 contract reported 6147.2 points, down 4.4 points, or 0.07%. Due to the impact of the spanfer of funds for the month, this cycle refers to the volume of turnover has dropped over the previous week.

On Friday, Shanghai and Shenzhen 300 traded 13 thousand and 100 hands and held 46 thousand and 200 positions. The Shanghai Stock Exchange 50 refers to 4047 hands trading, holding 16 thousand and 800 hands. CSI 500 refers to 11 thousand and 900 hands and 34 thousand and 500 positions. As the delivery date approached, the index discount rate began to converge. On Friday, the IF1608 contract was worth 12.11 points more than the spot index. The IH1608 contract was 6.08 points higher than the spot index, and the IC1608 contract was 56.09 points higher than the spot index.