The review of key events from "Asyl-Invest" JCS analysts for June 3, 2011

/IRBIS, June 3, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 3, 2011 Trading on the Kazakhstan stock market on Thursday ended with the fall in the negative external background. KASE index on the basis of trades fell by 1.4% to 1607.48 points. The fall in prices was observed for shares of NSBK (-3%), Kazakhmys (-2.6%), KKB (-2.6%), ENRC (- 1.3%) and BCC (-1%), growth - for the shares of KMG (0.5%) and Kazakhtelecom (0.2%). Activity of market participants was relatively low. The trading volume for shares of KASE index on Thursday declined by 2.4 times compared to the previous day and reached 25.9 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Thursday ended in the fall. The greatest losses were suffered by GDR of NSBK (-4.5%). Shares of raw materials companies also completed trades in deep negative territory: KMG (-2.9%), shares of ENRC (-1.8%), Kazakhmys (-1.8%). Today, the external background for the Kazakhstan stock market develops moderately negative. Day heralds a further decline in the index KASE. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indexes finished Thursday's session in different directions, the index of wide market of S & P 500 has remained below the breakeven point. Investors were awaiting Friday's employment report, and "digested" warning rating of agency Moody's for possible downgrade of the credit rating of the United States if the government in the next two weeks, would not take measures to increase the debt limit (it currently stands at $ 14.29 trl). or to reduce the budget deficit. Moody's also reported on a possible downgrade of three leading banks in the U.S. unless they are a guarantee by the state in case of bankruptcy. Published data on the number of initial claims in anticipation of publishing a report on employment caused a slight stir among investors. The number of initial claims for unemployment benefit for the week ended on May 28, taking into account seasonal adjustments, decreased by 6 thousand compared to the previous week and amounted to 422 thousand economists forecast a decline to 417 thousand four-week average index decreased by 14 thousand compared to the previous week to 425.5 thousand in all, the activity of market participants was relatively low. The trading volume on the NYSE on Thursday was 1,008.32 million shares, while turnover - $ 28.2 billion - In the U.S., in the focus of investors today is employment report for May, details of which will affect the markets in the next few days. Today will be published data on changes in the number of people employed in non-agricultural sector, the private sector, the industrial sector in May. Today will be known, what the unemployment rate in May was, as well as average hourly earnings, average workweek. Statistic today on an index for the ISM non-manufacturing areas in May can also be interesting. - Major stock indexes in Western Europe finished the session on Thursday falling after Asian markets on fears of disruption of the global economic recovery. The news of the lowered ratings of Greece by the rating agency Moody's put pressure on the course of shares trading. The fall in metals prices on fears of economic slowdown in the world have a negative impact on share prices of metallurgical companies. - Today, in the focus of European investors will be data on employment in the United States. - Major Asian stock indexes are now showing multidirectional dynamics in anticipation of the report on data on employment in the United States. - Oil prices are now falling, the U.S. dollar strengthened slightly. July futures for WTI crude oil today lost 0.05%, the July crude oil futures for Brent - 0.1%. Gold is now losing 0.15%, silver falls by 1%. The U.S. dollar is growing by 0.01% against a basket of currencies. The euro/dollar currency duo declines by 0.06%. The present 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 this material. [2011-06-03]