Shouchuang Futures: Middle East situation unclear, global stock markets broadly decline

Today, the A-shares opened lower and declined further, with all four major futures indices falling across the board. The situation in the Middle East remains unclear, with no substantial progress in US-Iran negotiations, coupled with oil price fluctuations that have sparked concerns about stagflation. Risk appetite has declined, and global stock markets have generally fallen. Compared to overseas markets, the domestic economy’s fundamentals are less affected by the Iran situation, but market sentiment has been negatively impacted. The 3,800-point support level for the main index remains effective. In terms of trading, it is recommended to continue holding long positions in futures contracts and avoid being easily shaken out. (First Capital Futures)