Commodities Daily - September 3, 2018
> Oil prices climbing despite data showing rise in OPEC production in August and higher US output in June. We expect Brent to hold above $78/bbl today, drawing support from the Russian energy minister's comments earlier today; this despite a Reuters report indicating a rise in OPEC output in August (which we expect Blomberg to confirm either today or tomorrow). > Gold holding on at $1,200/oz despite strong dollar-positive momentum. The euro will likely stay pressured and may head toward EUR/USD 1.1550 today, despite trading activity being subdued due to the Labor Day holiday in the US. Gold prices are likely to pare gains made on some positive momentum seen this morning and correct to $1,195/oz later in the day.
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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