Commodities Daily - September 5, 2018
Oil spikes amid hurricane threat in Gulf of Mexico; US inventory data on the radar. We think Brent could correct further toward the $77/bbl mark amid shakiness on equity markets and dollar strength in the face of US-Canada and US-China trade uncertainties, with officials so far struggling to find common ground on both fronts.Gold struggles as dollar advances on risk-off trading and strong US manufacturing data. We expect risk-off trading to persist today and expect investors to continue shifting into safe-haven dollar assets. We believe gold is likely to consolidate close to the $1,190/oz mark 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.