Commodities Daily - February 6, 2019
> Oil ticks lower on weak eurozone PMI data; EIA inventory update eyed. We expect Brent to slide closer to $61.0/bbl midday today on expectations of a bearish EIA report and then rebound closer to $62.5/bbl following what we think will be some bullish takeaways from the EIA. We expect this because of the rebound in crude oil exports, subdued oil imports and a drop in the total inventory figure (crude and products) amid a strong decrease in heating fuel stocks given the spate of very cold weather in late January.> Gold holds above $1,310/oz despite further dollar strengthening. US President Trump's State of the Union address failed to reduce the domestic political uncertainty in the US, as the risk of another government shutdown remains. Fed Chairman Jerome Powell will make a speech today. We do not expect gold to move much and see it staying in the $1,310-1,315/oz range.
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.