Sberbank - Commodities Daily - July 12, 2018

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Sberbank

Mikhail Sheybe

Commodities Daily - July 12, 2018

> Oil prices slumped despite sharp US stock draw as deficit fears abate. Today, we think that Brent will approach $76/bbl on what was an overall slightly bullish IEA monthly report amid the continuing strike in Norway.> Gold slides as dollar strengthens; US CPI data due today. Given the deluge of important data due today, we anticipate a volatile session for both EUR/USD and gold. We expect gold to climb to $1,250/oz on demand for hedging against rising inflation.

12/07/2018 5 EN

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Sberbank

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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Mikhail Sheybe

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Commodities Daily - July 12, 2018

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Russia FX/Rates Snapshot - March 24, 2022. Ruble Could Take a Pause After Sharp Gains

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