Commodities Daily - November 22, 2019
> Oil surges on China's constructive stance on trade deal with US. Today, investors will eye preliminary November PMIs from DMs and a University of Michigan US consumer sentiment reading in the afternoon, while in the evening the Baker Hughes rig counts will be released. We think that the eurozone manufacturing PMI is likely to surprise to the upside, pushing Brent toward resistance at $64.1/bbl midday (the next, very strong resistance level is $64.6/bbl), while the possible signing of the Hong Kong bills later today could pressure Brent back to $63/bbl.> Gold market volatility low, prices still hovering around $1,470/oz. Today, preliminary November PMIs are due from a range of DMs, while the University of Michigan consumer sentiment index is due from the US. We expect gold to continue trading sideways unless there is some major political news.
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.