Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on june 18, 2010

/IRBIS, June 18, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on June 18, 2010. Analysts of ASYL INVEST believe that today in Kazakhstan's market is likely to repeat the scenario of the previous day - in the absence of any significant market driver will be charged in the "outset". By the beginning of today's trading on the domestic market painting has developed as follows: Prices for basic industrial metals on the basis of trading on Thursday on the London Metal Exchange showed a reduction in the range 0.31% -3.08%, the price of Brent crude increased by 0.69% to $78.68 per barrel., basic shares and depositary receipts of Kazakhstan issuers in the auction in London did not show uniform dynamics. Intraday EUR/USD at today's auction is above 1.23. In addition, analysts of ASYL INVEST note the following events in world markets: - The last few trading days of the index S&P500 can not continue the momentum of growth. The rise of stock index above the resistance level and technical signals to the continued growth can not be realized without the support of the basic indicators. In the course of trading in Europe, investor sentiment has improved markedly after the news of the successful placement of government bonds in the amount of Spain 3.5 billion euros. However, statistics released in the U.S., was rather weak. Thus, the number of applications for unemployment benefits last week rose by 12 thousand, while the expected decrease. Later published weak data index of leading indicators and the negative index of business activity data according to the Philadelphia Fed for June, which fell from 21.4 to 8 points. Nevertheless, in late trading, investors still managed to neutralize the intraday decline and U.S. indices closed a small increase. Growth drivers began to quote high-tech companies. Thus, stocks Apple Inc. increased by 1.7% and reached a new peak of quotations on a background of optimism associated with the new model iPhone. - Quotations of futures for copper and other base metals continued to fall during yesterday's trading, which caused the negative dynamics trades steel companies. Crude oil futures also dropped, and very close to the level of the 200-day moving average. - Trading in Asia are today without the pronounced dynamics. Most stock indices in the region will add about 0.2-0.5%. Futures on U.S. indexes traded unchanged. Today, the markets will be published very few statistics, so the basic ideas for the direction of the market there. Today analysts of ASYL INVEST does not exclude the volatility in U.S. markets, which may be associated with the day of the simultaneous expiration of futures on indices and commodities, futures, stock, stock options and options on futures (quadruple witching). Premarket before the opening of trading in Europe and the United States was neutral today. This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-06-18]