The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for September 1, 2011

/IRBIS, September 1, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 1, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is positive, given the close of trading in positive territory for the United States and the major indexes growth in Asia today. Today's trading is likely to tend to the shares of the commodity sector. Rising prices for copper, as well as news of the repurchase program of ordinary shares from the market can generate demand for papers of Kazakhmys trading at low price levels. For similar reasons, the growth may be in shares of EP KMG. Attractive for purchase are stocks of Halyk: at auction in London yesterday, the bank receipts grew by 6%. Besides, ASYL INVEST analysts note the following events on world markets: - The reason for optimism on Wednesday became the American statistics. Thus, the data of ADP agency have shown employment growth in the U.S. in August. The number of new jobs in the private sector amounted to 91 thousand, which is slightly below market expectations at the level of 114 thousand industrial orders in July rose by 2.4%, exceeding the forecast of the market by 2% damage. The index of business activity from Chicago Purchasing Manager showed slowing economic activity in August, falling to 56.5 points from 58.8 points a month earlier. Economists had expected a reduction in activity to 53.3 points. Pressure on the market today has news that the deal of AT & T's acquisition of T-Mobile has been blocked by the antimonopoly agency on grounds that it could lead to significant reduction of competition in wireless communications. - Asian indices rise today after the U.S. indices in response to positive data on U.S. industrial orders, which enhanced the growth prospects of income Asian exporters. Investors ignore weak data on Chinese index of business activity in the industrial sector PMI Manufacturing (August index was 50.9 points, below economists' forecast of a 0.1 point), because suggest that the State may limit the measures to tighten monetary policy because of the slowdown in the economy. Hang-Seng Index and Nikkei are currently increasing by more than 1%. - At the end of the trading day, the euro/dollar fell by 0.5% due to strong data coming out of industrial orders in the U.S. and the business district in Chicago. Today, the U.S. dollar has not moved significantly against the euro. The situation will change in the European and American sessions after the market will U.S. statistics on the number of initial claims for unemployment benefits and the index of business activity in the industrial sector of the U.S. economy. According to the forecasts of economists, the number of applications last week will be reduced to 7 thousand, compared to the previous week, the index of business activity in August fall to 48.5 points from 50.9 a month earlier. Positive statistics are likely to play in favor of the euro, and vice versa. - In support to copper prices, having risen on the day of 1.2%, acted U.S. statistics on industrial orders. Data significantly exceeded market expectations, raising speculation that demand for industrial metals will persist. Prices for aluminum, nickel and lead showed a similar trend. Gold trading results fell in price by 0.5% due to the growing investor optimism about the prospects for global growth. Today, commodity markets show weak trend. Oil in the U.S. in electronic trading is growing by 0.3% in response to speculation that the signs of growth in industrial production in the U.S. and China point to a possible increase in fuel demand in major consumer countries. Brent crude oil today is reduced to 0.15%. Copper at auction in New York and Shanghai, moving in different directions, falling in the U.S. is 0.6% more expensive in China at 0.3%. Gold can not yet get into positive territory, as the situation in the stock market remains favorable. 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. [2011-09-01]