The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for September 29, 2011

/IRBIS, September 29, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 29, 2011. Analysts of "Asyl Invest" indicate that the news background for the domestic market today is negative. Fears of eurozone continue to prevail in the market, putting pressure on risky assets. Today analysts of "Asyl INVEST" see downside risks on stock prices of Kazakhmys, ENRC and KMG EP against the negative dynamics of prices for industrial metals and oil. The news that Kazakhmys bought a large block of its shares from Citigroup are unlikely to have the support for quotations, as already known that the company buys back its shares gradually from the market. Besides, analysts of "ASYL INVEST" JCS note the following events on world markets: - U.S. indexes at the end of the trading day on Tuesday suffered notable loss after it became known that most of the Eurozone countries believe that private creditors should be prepared for more heavy losses on government bonds in Greece. This position is a threat to agreements made earlier with private investors in July. Indices of Chinese Hang-Seng and Shanghai Composite now show weak dynamic on pressure of the event, U.S. futures are decreasing. - Today the major indexes of Asia are falling behind America amid fears on the euro area. Today in Germany, MPs should vote for or against raising the Stabilization Fund in the Eurozone. Also today, Italy hosts auction for government bonds amounting to 9 billion euros. Indices of China, Hang-Seng and Shanghai Composite are now reduced by 1%. - Euro/dollar strengthened today against the dollar before making a decision in Germany to change the size of the Stabilization Fund of Eurozone, designed to provide financial support to troubled countries in the region. Earlier, the leaders called for the euro area to increase the size of the fund to prevent a worsening debt crisis. The proposed measure could cause the opposition in Germany, where Merkel's party has lost votes in all seven constituencies of the country, indicating that the dissatisfaction of the population policy of the authorities in support of EU concern. - Raw materials market today shows a mixed trend. Brent crude oil is growing at 1.0%, while the gold price adds within 0.5%. Industrial metals today are under more intense pressure, copper in Shanghai and New York in electronic trading is getting cheaper by 5.1 and 1.8% respectively. The reason for the decline were the results of the survey of economists showed that most expect a slowdown in China's economy up to 5% per year by 2016 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. [2011-09-29]