Commodities Daily - October 25, 2018
> Oil slides in volatile session amid EIA inventory report, falling stock market. The dollar and US stock market dynamics will likely be the key drivers for Brent today. We expect to see a pause in the risk-off trading and for the US dollar to stabilize. This should help Brent to consolidate around the $76/bbl mark for the rest of the day today.> Gold retreats with shift in sentiment; ECB rate decision on the radar. Our FX team expects the euro to trade flat today unless the ECB surprises the markets. Given the current shift in risk appetite and the chances of a dovish surprise from the ECB, we think gold is likely to break below the $1,230/oz mark later today.
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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