Commodities Daily - July 8, 2019
> Oil ticks higher on solid nonfarm payroll data amid falling OPEC production, fresh Iran concerns; busy week ahead. Today, we think that Brent is more likely to continue trading around the $64/bbl mark, with the latest headwinds coming from a drop in Japan's core machinery orders (the largest drop in eight months).> Gold pares losses after sliding on stronger dollar following US jobs report. This morning, gold has surged to $1,405/oz on various headlines that raised concerns over the situation in the Middle East. These include Iran's announcement yesterday that it had broken another threshold in its 2015 nuclear agreement (though it again highlighted that it would back-track if its remaining partners would help it deal with the effects of US sanctions). We think that gold is likely to continue hovering slightly above $1,400/oz for the rest of the day today.
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.