Commodities Daily - December 11, 2018
> Oil slides on stronger dollar, stock market fragility; EIA monthly report eyed. Today, market players await the release of the monthly EIA report, which in our view is likely to be slightly bullish, as the outlook for next year could be upgraded following the deal (we think projected stock builds are likely to turn into stock draws). Overnight, the API will release its weekly US oil inventory estimates, which we believe will be bullish for a change. Brexit will remain at center stage in global markets, though we think the fears are likely to abate somewhat. We expect Brent to recover to $61/bbl later today.> Volatile euro pushes gold higher. Yesterday, gold retreated from a morning high of $1,250 to $1,242/oz as EUR/USD dropped from 1.144 to 1.135, but today it is trading back at $1,246-1,248/oz, as the market remains cautious due to Brexit uncertainty.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.