Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 15, 2010
15.12.10 17:12
/IRBIS, December 15, 2010/ - JSC ASYL INVEST (Almaty) provided
IRBIS overview of major events and of their investment ideas and
forecasts on December 15, 2010.
Analysts of JSC ASYL INVEST note that trading on the
Kazakhstan stock market on Tuesday in the growth of KASE
index on 0.53% due to higher prices of shares of Kazakhmys
(+2.1%), Kazakhtelecom (+1.7%) and CMC (+ 1%). Trading
activity on this day was relatively higher. On the London Stock
Exchange trading of shares and depositary receipts of Kazakhstan
issuers ended multidirectional price dynamics.
Today, the external background for the Kazakhstan stock market
develops neutral. European trading ended multidirectional
movement, the main stock indexes in Asia and oil prices are falling,
prices for industrial metals exhibit multidirectional dynamics. Today
the price changes on the domestic market are likely to occur at the
"thin" market. Investor activity is likely to be low in anticipation
of a long weekend.
In addition, the analysts of JSC ASYL INVEST note the
following events in world markets:
- trade results on Tuesday, the Dow Jones Industrial went to the
highest levels since September 2008, completing the day increase
by 0.42%. High-tech Index and the NASDAQ Composite index of wide
market S & P 500 rose slightly. With the opening of trading index
began to rise steadily due to economic data released. Data on retail
sales and production prices for November went better than expected
economists. U.S. retail sales in November rose by 0.8%, while
economists had expected growth to 0.6%. Growth in retail sales in
October was revised from 1.2% to 1.7%. Without taking into account
volatile component in the form of sales of cars and fuel retail sales in
November rose by 0.8%, which was well above expectations of
economists forecast growth at 0.6%. The indicator rose for the fifth
consecutive time. Total retail sales data are positive and indicate a
recovery in consumer expenditure surveys. The nominal rate is almost
at pre-crisis values. Released yesterday, details on the index of
producer prices for November were the highest since March 2010. The
index rose by 0.8%, while economists had expected growth to 0.6%.
Index excluding food and energy component in November rose by
0.3%, while economists had expected growth of 0.2%. Released a
report on the results of the last FOMC meeting this year has caused
volatility and lower stock index at the close. As expected the majority of
the U.S. Federal Reserve kept the federal funds rate at the level of 0-
0.25%. At the level of unemployment in the 9.8% and a low core CPI
Fed confirmed its intention to implement a program of QE2. The report
shows that economic recovery is slow. FOMC released a report the
U.S. dollar strengthened by 0.2% in relation to its major competitors.
- Today's session in the U.S. is no less interesting. Of the important
economic indicators to be published today details of the CPI for
November, data on international capital flows for October, data on
industrial production for November. Trades in the U.S. will depend on
the reaction of investors on macroeconomic data.
- major stock indexes finished trading in Western Europe on
Tuesday multidirectional dynamics. Auctions in Europe have been
quite volatile in the run-up to the meeting FOMC. Economic statistics,
published in the euro area, wearing mixed. Data on industrial output in
the euro zone reached Hood expectations of economists. Also came
out worse than expected data on the sentiment index in the business
environment of the ZEW. Went better than expected data on the index
of the current situation of the ZEW. In the UK, came out better than
expected data on the CPI and the retail price index for November.
- Today in the Euro zone, there are data on employment for 3
quarter of 2010. In the UK, is expected to yield data on the labor
market.
- the main stock indexes in the Asian region today are reduced.
Investors show concern after a study published quarterly Tankan,
showed worsening sentiment of large manufacturers for the first time
since March 2009. Tankan index for large manufacturers sphere for 4
quarter fell from 8 am to 5 points.
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.
[2010-12-15]