Sberbank - Commodities Daily - November 26, 2018

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Sberbank

Mikhail Sheybe

Commodities Daily - November 26, 2018

> Oil slides on stronger dollar amid weaker Eurozone PMI; G20 to drive markets this week. This morning, Brent is moving toward the $60/bbl mark amid growing risk appetite, which has been reflected in gains in Asian stocks and a recovery in EUR/USD. This week, oil price dynamics will follow developments related to the G20 summit and Trump-Xi meeting (scheduled for Friday). Today, we think that Brent will manage to break and hold above $60/bbl on global risk-on trading.> Gold prices rebound following Friday's setback. Gold is benefiting from elevated global risk aversion this morning, which is driving EUR/USD higher along with the yellow metal. We think that gold could climb close to $1,230/oz today on the back of risk-off trading throughout the global trading session.

26/11/2018 6 EN

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Sberbank

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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Mikhail Sheybe

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Commodities Daily - November 26, 2018

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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