The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for September 2, 2011

/IRBIS, September 2, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 2, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is negative, stock price decline of domestic production companies is expected as a result of lower prices for industrial metals on the background of weak statistics on China and the Eurozone business activity in the industrial sector. Besides, ASYL INVEST analysts note the following events on world markets: - Yesterday, after prolonged growth, investors decided to lock the profits the more that expected on Friday, U.S. statistics on the labor market may show deterioration in the economy. In addition, investors previously expected weak data on the index of business activity in the manufacturing sector of the U.S. economy (ISM Manufacturing), disappointed by the more powerful statistic, weakened the expectations of the third round of quantitative easing. - Asian markets decrease today after the American floors on expectations of weak U.S. data on the labor market, coming out today. Hang-Seng Index and Nikkei are down today by more than 1.3%. - Yesterday, in favor of the dollar yesterday played U.S. statistics ISM Manufacturing. The index in August showed a decrease to 50.6 points, well above market expectations at 48.5 points. The data suggest that the recession will be and the controller can not decide on next steps to stimulate the economy. Against the euro yesterday, played the statistics on the euro area, where a similar index of business activity in the industrial sector fell to 49 points from 50.4 points in July. Economists had expected a decline to 49.7 index points. Index at the level below 50 points means a reduction in production. Economists analyzing the data, complain about the debt problems of the region, forcing governments to cut public spending and consumer confidence, respectively, of the population. Today, the U.S. dollar has not moved significantly against the euro before the release of key statistics for the United States. Today, everyone is waiting for data on employment growth in non-farm sectors of the U.S. economy, where the expected number of new jobs at 68 thousand and the unemployment rate, which should remain unchanged in August at around 9.1%. - Yesterday, investor demand for depreciating since the spring of this year, industrial metals was undermined by weak statistics on the index of business activity in industry in China and the Eurozone. PMI Manufacturing Index China in August was at its lowest level for last 29 months, but reflects a weak expansion, while a similar index fell to euro area levels, means a reduction in manufacturing activity. Copper prices fell yesterday by 1.4% Aluminum - 0.5% Ni - 2.0%. Today, commodity markets show a weak trend. Industrial metals continue to decline in response to speculation that the decline of manufacturing activity in Europe and China will curb demand for raw materials. Copper at auction in New York and Shanghai falls in price, falling to U.S. at 0.6% and 0.85% in China. Oil in the U.S. and in Europe in electronic trading is down by 0.2% under the pressure of expectations about the statistics of the U.S. labor market. Gold today grows on moderate pace on economic concerns. 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. [2011-09-02]