Commodities Daily - October 10, 2019
> Oil rally abates amid weekly EIA report and mixed signals ahead of US-China trade talks. Aside from the trade talks, the market today awaits the release of the OPEC monthly oil market report. Although the latest headlines suggest a rising chance that the talks might not end in disarray, we remain very cautious and expect the talks to by and large generate headwinds for risk assets. Against this backdrop, we expect Brent to slide toward $57/bbl later today.> Gold climbing amid trade talk uncertainty. Investors will today be looking out for US initial jobless claims, the US CPI and a speech from the Fed's Neel Kashkari, in addition to headlines from the trade talks. We think developments today are likely to bring more downside than upside to risk sentiment, which would favor gold, although we think any upside would be limited to this morning's high of $1,516/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.
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