Commodities Daily - April 2, 2018
Oil starts week on a cautious note; market reaction to trade war escalation eyed. We expect Brent to correct slightly lower on US-China trade war concerns and then stabilize closer to $69/bbl later in the day. Lower March OPEC production estimates should provide fundamental support.Gold rises on pickup in US-China trade tensions. Though we expect the dollar to continue trading close to its current levels, with EUR/USD holding around 1.23, we see gold rising to end the day near $1,335/oz.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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