Commodities Daily - March 13, 2018
Oil prices slide on shale growth prospects as Dow and S&P fall. Today, Brent will continue to be driven by the stock markets. We expect it to trade around $65/bbl during the day, with investors pricing in neutral US inventory data.Gold continues to trade sideways following US jobs data; US CPI eyed. Our FX team noted today that an uptick in core inflation could potentially give the Fed confidence to move to a four-hike view for 2018. However, we expect the DXY dollar index to retreat below 90 later today, with gold stabilizing within a $1,315-1,320/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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