Research and News

US banks outperformed the broad market in October for the second consecutive month after very weak dynamics in August. Thus, BKX index increased by 3.8% MoM in October vs +2.0% of SPX index. Absolute October performance on MoM basis was +0.5 std from the...

11 August 2019, Arbat Capital

investment, banks;

Crude oil prices averaged lower in October 2019 on both sides of the Atlantic as market participants shifted their focus from concerns about supply disruptions that had pushed oil prices considerably higher in September to worries related to the risks an...

11 July 2019, Arbat Capital

oil, investment, equity

Trade war risk is by far the most significant swing factor for most commodities and more than able to compensate for ultra dovish expectation from the global CBs with the Fed is going to cut rates for additional 100 bp and ECB to print Eur250 bn. in new ...

10 December 2019, Arbat Capital

commodity;

US banks significantly outperformed the broad market in September after very weak dynamics in August. But it still underperforms S&P 500 index ytd. Thus, BKX index increased by 7.5% MoM in September vs +1.7% of SPX index. Absolute September performan...

10 August 2019, Arbat Capital

investment, banks;

Crude oil prices were very volatile within September 2019 due to a large disruption in two key oil facilities in Saudi Arabia which caused a temporary outage of about 5.7 mln bbl / d of the country’s oil production. The ICE Brent prices jumped by $8.8, o...

10 July 2019, Arbat Capital

oil, investment, equity

US banks underperformed the broad market in August after strong price dynamics in July, the third month of underperformance over last four. Thus, BKX index decreased by 8.8% MoM in August vs -1.8% of SPX index. Absolute August performance on MoM basis wa...

09 August 2019, Arbat Capital

investment, banks;

Crude oil futures prices ended August lower with ICE Brent recording it lowest monthly average this year of $59.35 that is 7.5% lower than monthly average price of July, wiping out all the previous month’s gains. Oil futures were volatile over much of Au...

09 July 2019, Arbat Capital

oil, investment, equity

US banks outperformed the broad market in July after two consecutive months of underperformance. Thus, BKX index increased by 4.1% MoM in July vs +1.3% of SPX index. Absolute July performance on MoM basis was +0.5 StD from the mean and it is in the top 2...

08 August 2019, Arbat Capital

investment, banks;

Crude oil market in July 2019 continued to move sideways and ended the month with minor changes relative to the end of the previous month, but monthly average prices in July 2019 were higher than they were in June 2019. On a monthly average, both ICE Bre...

08 July 2019, Arbat Capital

oil, investment, equity