Commodities Daily - February 4, 2019
> Oil rises on upbeat US jobs data, OPEC output decline, falling US rig count. We think today is the day when Brent will finally settle above $63/bbl, after a reported slowdown in US shale activity and decline in OPEC production. However, we do not expect crude prices to continue to press higher and believe that any gains will likely be subdued given the lack of fresh drivers.> Gold prices tick lower; US jobs data, dovish Fed and US-China trade deal in focus. The dollar is trading mildly stronger globally, continuing to pare losses following the Fed decision last week. This is pressuring gold prices toward $1,310/oz this morning; however, we think that EUR/USD will stabilize later and gold will manage to defend that level.
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.