The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for August 27, 2011

/IRBIS, August 27, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 27, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is positive, given by the close of trading in the U.S. a significant increase in major indexes. However, the activity today is likely to be low. Investors are unlikely to be resolved at the opening of long positions in anticipation of a three-day weekend of exciting two trading days on foreign markets, in a continuing high volatility. The players will be watching the developments on the foreign sites in those days. Besides, ASYL INVEST analysts note the following events on world markets: - The number of initial claims last week rose by 12 thousand to 417 thousand, economists had expected claims to decline by 3 thousand to 408 thousand a week earlier. Fall was also due to significant reduction in the German index after speculation that the restrictions on short selling will be enhanced, intensified. Indices suffered heavy losses, more significant than the stock market indicators in France, Great Britain, Italy and Spain. - The long-awaited speech of Fed Chairman Bernanke in Wyoming did nothing. The regulator has refused to make any promises about the incentives before the next meeting of the FOMC. In addition, he stated that the U.S. economy was not in need of emergency assistance, as negative trends in the economy are not fast character. - On Friday, the dollar strengthened against the euro after Bernanke's statements that there was no need for new incentives, but quickly lost earned position after risk appetite of investors revived the stock market went up. - On Friday, all kinds of raw materials went up. Oil in Europe has risen by 0.7%, copper for delivery in three months in London rose by half of one percent. Gold soared more than 3% after the low prices have increased demand for the precious metal. In addition, there are no real plans for incentives questioned the growth prospects of the stock market, because until now it was the only hook for investors to play on the rise. The present material is exclusively informative and isn't an offer or recommendation to conclude any deals with stock. "IRBIS" Agency doesn't take responsibility for the opinions, given in the present material. [2011-08-27]