The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for September 19, 2011

/IRBIS, September 19, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 19, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is very negative, after it became clear that effective solutions to debt problems the euro area until the risks of default and Greece have increased. Prices of industrial metals and crude oil today are markedly reduced forming a negative outlook for the domestic mining companies in Monday trading. Concerns are likely to affect today Kazakh banks. Burst of activity on KazakhTelecom last Friday may increase interest in the issuer who had recently demonstrated strong financial results. Besides, ASYL INVEST analysts note the following events on world markets: - Optimism on Friday remained on the eve of a meeting of finance ministers of the eurozone, the ECB and U.S. Representative Timothy Geithner on the debt problems in the Eurozone. The head of the ECB before the meeting urged all to take decisive steps to resolve the crisis. Supported the market and U.S. data on Michigan's consumer confidence index, which showed positive growth in attitudes of Americans and, accordingly, the indicator value to 57.8 points, above market expectations. - Asian markets fell today after a meeting of finance ministers of the euro area has not led to any concrete decisions and plan for recovery. The ability of Greece to answer for its obligations in October, now weighs in the balance, because depends on the results of ongoing analysis of this week the country's ability to meet the conditions for aid. Hang-Seng Index falls today by 2.2%, Shanghai Composite lost 1.4%. U.S. futures fall more than 1%. The pressure on the Chinese indices also have a speculation that the government may take further action to prevent an increase in property values in the country, after the data for August showed an increase in housing prices. - Euro on Friday, bounced off the resistance levels achieved after flow positive for the currency dried up and investors shifted into the expectation of the results of a meeting of euro zone countries on debt problems. Today, the euro/dollar falls by 1% after a meeting of finance ministers of the eurozone, the ECB and Timothy Geithner on debt problems did not get anywhere. The politician did not find viable solutions to the crisis in the absence of the possibility of stronger economies in the region to reduce taxes and increase government spending to stimulate growth. Greece is now hanging by a thread from the default, because providing the next tranche of financial aid to the country is doubtful. - Gold prices on Friday rose 1.3%, whereas the WTI crude oil fell in price by 1.6%. Most of the industrial metals declined in value. Today, oil prices in the U.S. and Europe are falling in price, after concerns about the debt problems of the euro area and their impact on the global economy intensified. Prices for WTI crude oil decreased by 1.25%, Brent went cheaper by 1%. Gold prices today are rising again, adding 0.6%. Speculation in China, namely the risk tighter regulation of real estate market, today led to the fall in copper prices in Shanghai by nearly 3%, and New York in electronic trading, nearly 2%. 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. [2011-09-19]