Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on September 10, 2010

/IRBIS, September 10, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on September 10, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan stock market on Thursday were in the moderately positively to a positive external background. As a result of trades KASE index increased by 0.52% and trading volume in shares index KASE - 2.1% on the previous trading day. On the London Stock Exchange trading Kazakhstan shares and depositary receipts have resulted mainly with the growth of quotations; CMC GDR rose by 5.6%. The external background for the Kazakh stock market today consists moderately positive. Major U.S. stock indexes in Europe and completed yesterday's trading growth against a background of positive statistics from the U.S.. Also positive out data on trade balance of China. KASE Index today is likely to show a weak positive trend, noted analysts of ASYL INVEST. In addition, the analysts of ASYL INVEST note the following events in world markets: - During yesterday's trading support for trading in stock markets made statistics on the U.S.. The trade deficit narrowed to $ 42.8 billion in July from $ 49.9 billion in June. The index was better than expectations - $ 47 billion pleased investors and data on the number of applications for unemployment benefits in the U.S.. Thus, the primary applications were 451 thousand, which is lower than the previous week to 480 thousand and below the forecast of 470 thousand positive attitude of investors, due to be good data on the U.S. economy was somewhat spoiled by rumors of a planned additional offering of shares in Deutsche Bank AG in the amount of 9 billion euros ($ 11.4 billion). Officially, the Bank does not comment on these rumors, but according to sources Blomberg, deployment could begin as early as next week. It is expected that the bank needed additional funds to increase its share of Postbank AG, as well as to meet the higher requirements of capital adequacy. - quotations of oil futures during yesterday received support from the U.S. Department of Energy, which reported that commercial crude oil reserves in the U.S. for the week ending Sept. 3, 2010, decreased by 1.8 million barrels to 359.9 million, gasoline stocks decreased by 200.0 thousand barrels to 225.2 million, while distillate stocks - by 400,0 thousand barrels to 174.8 million earlier American Petroleum Institute (API) published its report, where it was stated that during the period of commercial oil reserves in the U.S. declined by 7.308 million barrels to 354.215 million gasoline inventories increased by 654.0 thousand barrels to 226.294 million, while distillate stocks - to 1,288 million barrels to 169.029 million - quotations of futures for copper declined significantly during the previous day because of speculation about the possible investigation of futures market by Chinese authorities. This morning in China were published data on the trade balance, which again showed a surplus greater than $ 20 billion in imports in August rose by 35.2% in annual terms, while exports to 34.4%. Statistics can provide essential support for commodities today, but until quotes are in no hurry to grow because the market there is the idea that the U.S. will go to more decisive action in the policy rate fixing in China. U.S. pressure on Chinese authorities to the revaluation of the yuan, against this background that possible protectionist measures by the U.S., which could lead to trade wars between the two countries. - trading in Asia, held in today's trading different directions. The decline is quoted in the Chinese stock exchanges and in Japan on the rise against a background of favorable macro-economic statistics in the country. Premarket trading in Europe for emerging neutral. 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. [2010-09-10]