Commodities Daily - September 10, 2018
Oil prices recover on Middle East tension; US-Saudi energy talks and trade war escalation on the radar. The key oil market-related event today is the meeting between US Energy Secretary Rick Perry and his Saudi counterpart Khalid al-Falih (plus other Saudi officials) in Washington. Today, we expect uncertainty in the Middle East to drive Brent to $78/bbl, although gains beyond that are unlikely amid the import tariff threat.Gold prices slide as tariff threat and strong US employment report drive the dollar higher. The threat of a fresh round of US tariffs on Chinese goods is likely to be the key topic for global markets today. We expect it to weigh on gold, keeping it below the $1,200/oz mark.
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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