Commodities Daily - April 5, 2018
Oil rebounds on EIA report and possible ease in US-China trade tensions. Today, we expect Brent to trade within a $68-69/bbl range and track the S&P 500 late in the day, with the US-China dispute remaining in the spotlight.Gold falls along with its safe-haven premium on signs of softening in trade dispute. Our FX team believes that easing tensions between the US and China will continue to support risk appetite and, combined with expectedly strong US payroll data (15:30 Moscow time), will force EUR/USD to drop close to 1.220. We see gold retreating toward $1,320/oz as a result.
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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