Commodities Daily - February 26, 2018
Oil supported by upbeat Saudi comments and disruption in Libya. In the absence of fundamental data releases early this week, we think market players will focus on developments on the FX and equity markets. The dollar is likely to continue weakening, underpinning further Brent gains. We expect it to trade within the $67-68/bbl range today.Gold prices begin week on positive note as dollar and Treasury yields fall. Today, ECB President Mario Draghi speaks at 17:00 Moscow time. EUR/USD is likely to drift higher, toward 1.2350 (from around 1.232 currently), though we see little chance for gold to hold firmly above $1,340/oz. We see consolidation within a $1,335-1,340/oz range as more likely.
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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