Sberbank - Commodities Daily - July 24, 2018

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Sberbank

Mikhail Sheybe

Commodities Daily - July 24, 2018

> Oil trades sideways amid US-Iranian tensions and North Sea platform strike. Today, we expect positive price momentum and see Brent targeting the $74/bbl mark.> Gold's rebound this morning to be short-lived. Gold has jumped $6/oz this morning to $1,226/oz following a similar rise in EUR/USD, but we think the positive momentum will be short-lived. According to our FX team, absent any market-moving tweets, EUR/USD may move little ahead of Thursday's ECB meeting, which suggests that gold will trade in a $1,220-1,225/oz range today.

24/07/2018 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 24, 2018

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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