Commodities Daily - November 6, 2018
> Oil prices spike on Iranian oil sanctions; US midterms buildup and EIA report eyed. This morning, Brent is back trading near $72.5/bbl, with the US midterms key for global markets today. Oil investors are also eyeing the release of the monthly EIA report. We think that Brent will likely dip below $72/bbl today on the prevailing bearish momentum and what we expect to be a mildly bearish EIA report. > Gold prices edge lower despite dollar dip; US midterm elections eyed. The first results of the US midterms will be out overnight, and we do not expect investors to make any significant moves in the interim. We think the election results will fall in line with the latest polls, which is a scenario already priced in and should not rattle the markets.
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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