The review of key events from "Asyl-Invest" JCS analysts for May 31, 2011

/IRBIS, May 31, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 31, 2011 Trading on the Kazakhstan stock market on Monday took place in the absence of an external reference. Trading on the LSE was not conducted in connection with the holiday weekend. Against this backdrop, trading activity was quite low. The trading volume for shares of KASE index on Monday fell by 3 times compared to the previous day and reached 26.2 million tenge. KASE index on the basis of trades fell by 0.3% due to falling stock prices of NSBK by 2.9%. Today, the external background for the Kazakhstani stock market develops moderately positive. From European trading today, analysts of ASYL INVEST expect growth at the opening. KASE index today is likely to show growth. In addition, analysts of ASYL INVEST note the following events on world markets: - Trading in the U.S. was not conducted in connection with the national holiday of Memorial Day. - Today the U.S. is expected to publish economic statistics. Today, there are data on house price index from the S & P/CaseShiller for March, data on business activity index for May Chicago PMI, data on consumer confidence for May, data for the index of manufacturing activity for May by Dallas Fed. Bidding today is likely to be influenced by changes on the external background. Support for shares is likely to have weakening U.S. dollar on global currency market. - Major stock indexes in Western Europe finished the session on Monday mainly on negative territory. German DAX index and the French CAC 40 index during the greater part of the session Monday were trading in positive territory, but towards the end of trading fell sharply. Negative influence on the stock trades in Germany had the country's decision to cease production of nuclear energy by 2022. As a result, the stock trades in Germany's share price fell utilities sector. In general, trading activity was low, as the stock exchanges in the U.S. and Britain were not working due to the holiday weekend. - Today, trading on the major sites of Western Europe is likely to take place with a plus sign. Positive impact on the course of trading in shares is likely to have the news that the EU may approve the additional package of aid to Greece. Today in Western Europe comes an important economic statistics. Today, there is data on euro zone unemployment rate for May. In addition, forecast for euro zone by CPI for May will be published. In Germany today there will be data on retail sales for April, data on unemployment for May. - Major Asian stock indexes are now showing multidirectional dynamics, while most of the indexes increase. Japan's Nikkei 225 adds 1.5% by published economic statistics. Industrial production in Japan in April grew by 1% after falling in March at 15.5% in the aftermath of the tsunami. Economists had forecast growth of 2%. Investors embraced the statistics positively, despite the fact that the data for April were below economists' forecasts, as the survey showed that industrial production in May is likely to grow by 8%. Growth of stocks is constrained by the news that the international rating agency Moody's placed on the revision of Japan's sovereign rating with a possible downgrade. - Oil prices are now rising slightly, the U.S. dollar drops substantially. July futures for WTI crude oil are growing today by 0.45%, the July crude oil futures for Brent - by 0.4%. Gold today adds 0.01%, silver - 0.6%. U.S. dollar yields 0.5% to its main competitors. The euro/dollar duo is rising by 0.7%. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in given material. [2011-05-31]