Commodities Daily - November 23, 2018
> Oil prices dip, mirroring stock market dynamics, despite Saudi pledge to adjust to weaker demand. Trading activity is set to be very thin today and we expect Brent to remain very sensitive to European stock market momentum. We see it rebounding toward the $63/bbl mark.> Gold slides during thin session amid stable dollar. Today, the market is awaiting US PMI (17:45 Moscow time) and EU PMI (12:00 Moscow time). The former could confirm recent signs of weaker growth in the US, while a sufficiently punchy EU PMI could bolster the euro. Our FX team expects EUR/USD to firm to 1.145 should the US PMI confirm weakness in the US economy. We think this would push gold back toward $1,230/oz.
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.