The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for September 21, 2011

/IRBIS, September 21, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 21, 2011. Analysts of "ASYL INVEST" indicate that the news background for the domestic market today is neutral. Markets are awaiting today's Fed decision on rates, and of course, new incentives for the declining U.S. economy. Oil prices in the outset, and the dollar did not win again, that indicates a lack of optimism in the market. In addition, the gold price today is growing in price, which reflects increase of fears the euro zone. Besides, analysts of "ASYL INVEST" JCS note the following events on world markets: - Yesterday the markets were under pressure again after the S & P has stripped Italy of its rating at 'A +', lowering it by one notch to "A". The main reason for downgrading was the growing national debt. The country has the highest level it, even among countries with a rating of 'A-'. Downgrade raised concerns about a new round of crisis that could severely affected Italy and Spain. However, the auction ended with Europe is still in positive territory on expectations of proactive Fed to stimulate the economy. Markets and supported the view that Greece can get approval for a second tranche of aid, but in the U.S. session optimism was asleep when it became known that Greece is waiting for a return visit of "threesome", the ECB, IMF and EU in October, sending U.S. indexes are in negative zone after a significant increase during the day. - Indexes of China Hang-Seng and Shanghai Composite now show mixed trends. The first is reduced by half of one percent in response to a decrease in the IMF forecast global growth to outweigh the speculation that the crisis in Europe is weakening. The second is growing by more than 1.5% after update lows last week on the belief that China's economy is likely to stand the pressure of downturn in the global economy and the tightening of monetary policy in China. MYTH yesterday gave a forecast for GDP growth in China this year at 9.5%, which was only 0.1% below the original estimate. - Yesterday, the euro/dollar lost 0.5% in the Asian session in response to news about lowering the credit rating agency of Italy S & P, also gave rise to speculation that a worsening debt crisis will increase funding costs for all countries in the region. In the European and U.S. session the euro has grown thanks to increased optimism about Greece after the country's prime minister said "good progress" in talks about providing the next tranche of aid from the European Central Bank, the IMF and the EU. Today, the euro/dollar increased slightly. Optimism about Greece was asleep after the ECB, the IMF and the EU decided to re-visit the country in October, before the expiry of care. Investors today are also awaiting a decision on the Fed rate and, most importantly, new applications for incentives. Depending on the measures taken today, the dollar may come under pressure or, conversely, grow up. The Fed, according to the market, may announce the replacement of short-term treasury bonds in its portfolio of long-term bonds had as a measure to stimulate the economy. However, the measure, according to economists, may be insufficient to reduce unemployment. - Yesterday, oil prices in the U.S. and Europe have increased after a significant decline the previous day, rose gold on weakening dollar and growing fears that Greece did not achieve the desired progress in the negotiations with the EU, the IMF and the ECB for a new tranche of financial assistance. Prices for industrial metals grew in the last correction after strong subsidence on Monday. Today, commodity market does not show uniform dynamics. WTI crude oil is trading well at yesterday's close, Brent rising in price by 0.2%. Gold prices today added 0.5% on fears of Greece. Copper in Shanghai adds only 0.1%, while in New York in electronic trading - 1.25%. This material is exclusively of informative character and is not offer or recommendation to make any deals with shares. "IRBIS" Agency is not responsible for the opinions given in the material. [2011-09-21]