The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for October 4, 2011

/IRBIS, October 4, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for October 4, 2011. Analysts of "ASYL INVEST" indicate that the news background for the domestic market remains extremely negative today after U.S. indices yesterday lost more than 2.5% and closed below the recent lows, while Asian indices fell today in response to the decision of the eurozone finance ministers to postpone the decision on Greece to November, and to review the participation of private investors to save the country. Analysts of "ASYL INVEST" expect falling stock prices of domestic mining companies. Today Kazakhmys and Kazmunaigaz will be under pressure after oil prices have been traded around the $100 mark per barrel. And copper drops for third consecutive day on significant pace. Besides, analysts of "ASYL INVEST" JCS note the following events on world markets: - Asian markets are down today due to falling U.S. major indices quotes on fears that the decision of the eurozone finance ministers to reconsider the involvement of private investors in the financial support of Greece, may call into question the effectiveness of aid programs and increase the risk of default of the country. Indices Hang-Seng and Nikkei are down today by more than 1.5%. - Euro/dollar today is corrected after the sharp collapse in the last two days. Couple adds only 0.15-0.2%. The rate is pressured by results of the meeting of finance ministers of the euro area which strengthened the speculation about a default of Greece. The decision on the second package of aid to Greece had been postponed for November, which preserves the uncertainty in the market for another few weeks. - Raw materials market today shows negative trend. Oil prices continue to decline in the U.S., losing on the Asian session 1.2%, in Europe, the oil price of Brent show poor growth. In the United States in electronic trading copper continues to decline, losses to date are 2.2%. Gold is current increasing again amid economic fears, growing by within 0.5%. 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. [2011-10-04]