The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for September 12, 2011

/IRBIS, September 12, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 12, 2011 Analysts "Asyl Invest" indicate that the news background for the domestic market today is negative. Rising fears of a default in Greece, as well as the growing credit risks in the euro area banks today will contribute to the negative dynamics of the indicators in the external markets, as well as the national index. Today analysts of "Asyl INVEST" expect sales of the shares of domestic commodities and banks, although they do not have direct exposure to risks in the Eurozone. Besides, ASYL INVEST analysts note the following events on world markets: - On Friday, worries about defaulting Greece seriously increased after it became known that the Government of Chancellor Merkel's FGR is preparing a plan to support the banking sector in case of default of Greece. In addition, the fear caused his resignation as a board member Juergen Stark ECB because of disagreement with the actions of the regulator to repurchase bonds troubled Eurozone in August, he spoke out against this measure of support. Care Stark became the basis for believing that the ECB intensified differences on support for troubled countries. CDS spreads in Greece on Friday rose by 701 basis points to 3727 bp, indicating 94% probability of default of the country. - Today, Asian indices are falling in response to concerns about Greece, increased after it became known that Germany is preparing a rescue plan for the banking sector in case of default of the problem of the country. In addition, the market has leaked information that France's leading banks could lose their current ratings due to large investment positions in the bonds of Greece. The Nikkei today is losing more than 2%, Hang-Seng falling 3.4%. U.S. indexes fell today, signaling the possibility of further reduction today. - On Friday the euro/dollar rate fell by 1.6% dropping to a mark 1.3656. Uncertainty about future ECB monetary policy, as well as increased risks of default and the Greek commercial banks in Europe were the main driver of falling. Today, the euro/dollar continues to fall after negative sentiment spread to the Asian region. The prospects look bleak correction euro against the risk of default in Greece, economic fears and uncertainty in the euro area monetary policy of the future of ECB. "Asyl INVEST" notes the prospect of reducing the rate to a mark of 1.35 in the short term. - On Friday, oil prices in the U.S. and Europe have fallen by at least 1.8% because of rising concerns about the possibility of another downward revision of the global economy into recession because of the debt crisis in the euro area, to limit the gain which the European authorities have not yet capable of. In addition, in the Gulf of Mexico refineries began to restore the production of petroleum products due to reduce the threat of storms. Industrial metals in the day showed a significant reduction, copper for delivery in three months fell in price by 3.3%, nickel lost more than 4% of the cost. Gold fell slightly in price on strengthening of the dollar. Today, commodity markets continue to decline in the Asian session. Brent crude oil lost 0.5% on concern the cost of the Eurozone, the U.S. loss of WTI than 1%. Copper in electronic trading in New York is getting cheaper by 1%. Gold today is reduced in price at a moderate pace on strengthening the dollar. 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. [2011-09-12]