Commodities Daily - December 4, 2018
> Oil remains at elevated levels despite skepticism over trade truce. We expect Brent to remain above $62/bbl today, even though it looks like the stock markets are in for a rough day (Asian shares were slumping this morning). This is because investors will likely be unwilling to sell crude ahead of the OPEC meeting, which we think will result in an agreement to cut production.> Gold surges, despite doubts over trade deal success, as investors pricing in dovish Fed. Today, our FX team expects a calm trading session and the dollar to stabilize ahead of US markets' being closed tomorrow for a day of mourning for the late President George H.W. Bush. Today, we expect gold prices to hold above the $1,235/oz mark.
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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