Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 15, 2010

/IRBIS, September 15, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for September 15, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In Asian trading session the market develops mixed news background. - Among the major indexes in the region, the strong dynamics shows only the Japanese market, growing by more than 1% after the country's national currency; the yen fell against the dollar by about 2% due to currency intervention. This step in enhancing the competitiveness of Japanese goods in the U.S. market, followed immediately the next day after the country's Prime Naoto Kan was re-elected for another term. - Other indexes in the region have shown mixed dynamics. - Commodity market as a whole is trading in negative zone. Copper prices in Shanghai are reduced for the first time in the past few days, within 1%. Investors fear new toughening up of the Government in respect of the property market. Oil prices are falling in response to a prophecy API oil reserves in the United States, attesting to their growth last week to 3.33 million barrels. In this segment, the reserves of crude oil in the U.S. are at maximum levels over the past ten years. - European currencies this morning, losing ground against the dollar after takeoff on Saturday that also puts pressure on the commodity market. Euro declines to 0.15%, the British pound - on 0.3%. - The U.S. auction today is not expected meaningful statistics on industrial production and business activity in New York. Economists expect the positive dynamics of indicators. - According to analysts of BTA Securities, the dynamics of the market today will be restrained, after yesterday, S & P500 close to the local maximum at around 1,130 points. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2010-09-15]