Commodities Daily - September 18, 2018
Oil prices slide as new US tariffs on Chinese goods come to fruition. China's vice premier is reportedly convening a meeting this morning to discuss the government's response to the new US tariffs. One outcome of the US's latest move could be the cancelation of the recently floated trade talks. We think Brent is likely to slide below $77.5/bbl later in the day today.Gold price stability likely to prove temporary amid escalating trade war. We think gold is likely to slide below $1,195/oz today in the face of the spiraling trade war, despite the lack of direction from the dollar.
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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