The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for September 23, 2011

/IRBIS, September 23, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 23, 2011. Analysts of "Asyl Invest" indicate that the news background for the domestic market today is negative. The economic risks continue to put pressure on the global market of shares. A number of key market indicators, in particular, the euro/dollar broke through the recent lows that in favor of further depreciation. Share prices of individual domestic issuers have also updated the lows of this year. Against the backdrop of the economic risks and the threat of default in Greece risky instruments, equities and commodities, have no growth prospects. Besides, analysts of "ASYL INVEST" JCS note the following events on world markets: - Trading on the leading stages of the world ended yesterday with collapse of the major indexes as investors digested the results of the last meeting of the FOMC. Sounded regulator increased economic risk and passive in its operation of monetary policy under these conditions caused extremely negative sentiment in the markets. According to trade in U.S. and European indexes lost more than 4%. Under pressure were the shares of cyclical companies. - Indexes of China Hang-Seng and Shanghai Composite today continue to decline, losing an average of 1%. Indecisive Fed's actions against the risk of further slowdown of the U.S. economy continue to put pressure on markets. Some support to the market has a statement of Finance Ministers of G-20 that would be done to eliminate the "increased risks of recession". - The euro fell yesterday by 0.8%, breaking through support at around 1.35, in response to a global sell-off of risky assets. Today, the euro/dollar is rising after a sharp decline in the previous days, but the factors of support at the moment is not enough. Economic risks are growing, debt problems in force, the Fed is not yet ready to roll out new incentives, and the ECB is unlikely to tighten monetary policy against the background of problems in the economy of the region. Analysts of "Asyl Invest" expect further depreciation in the short term to around 1.30. - Global sales of risky assets yesterday raised and commodity markets. Oil prices have fallen by 6% in trading in the U.S., gold has fallen in price by more than 2%, despite the economic risks, while copper fell by 7.5%. Today, commodity market is showing mixed dynamics. WTI crude oil and Brent grow in the range of 1% in a correction to yesterday's fall. Copper in Shanghai and New York in electronic trading shows a negative trend, falling by 5.7 and 1.8% respectively. Gold is growing at weaker pace of 0.2%. 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. [2011-09-23]