Commodities Daily - June 1, 2018
Oil prices range-bound following yesterday's two EIA reports. We expect Brent to continue trading near $77/bbl today, supported by the FX and stock markets, while the US rig count data is likely to be only mildly bearish.Gold price slides amid weaker dollar. We expect EUR/USD to rise to 1.170 today, which we think will support gold within the $1,300-1,305/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.
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