The review of key events from "Asyl-Invest" JCS analysts for June 10, 2011

/IRBIS, June 10, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 10, 2011 Trading on the Kazakhstan stock market on Thursday ended with the fall. KASE index on the basis of trades fell by 1.72% to 1,579.79 points. Drop occurred for the shares of KKB (-6.5%), NSBK (-4.5%), Kazakhmys (-1.7%), growth - for the shares of Kazakhtelecom (0.2%). Activity of market participants was relatively high. The trading volume for shares of KASE index on Thursday totaled 70.5 million tenge. Trading in shares and depositary receipts of Kazakhstani issuers on the London Stock Exchange on Thursday ended with multidirectional dynamics. Kazakhmys shares were up 1.1%, ENRC shares were down 0.1%. Zhaikmunai GDR went up by 5.2%. GDR of banks finished the day by lowering. GDR of KKB decreased by 0.5%, GDR of NSBK - by 2.2%. Today, the external background for the Kazakhstan stock market develops neutral. Following the auction, a slight change in the index KASE is likely. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indexes finished Thursday's session with the growth for the first time since the beginning of this month. Shopping resumed, as investors regarded the current levels, as oversold. Published economic statistics were not very inspiring. The number of initial claims for unemployment benefit for the week ended June 4, taking into account seasonal adjustments increased by 1 thousand, compared to the previous week and amounted to 427 thousand economists forecast a decline to 419 thousand four-week average index decreased by 2 75 thousand compared to the previous week to 424 thousand Data on the U.S. trade balance for April sprung a surprise. U.S. trade deficit in April fell by 6.7% compared with the revised value of the previous month to $ 43.68 billion, economists predicted increase to $ 48.8 billion Exports grew by 1.3% and imports fell by 0.4%. Data on the trade balance for April should have a positive impact on the assessment of U.S. GDP for the II quarter and the revised value for March, will contribute positively to the third assessment of the U.S. GDP for the I quarter. Markets reacted with growth. - Today in the U.S. data on the index of import prices will be published. In addition, performance report for May will be published. - Major stock indexes in Western Europe finished the session on Thursday with growth. The British FTSE 100 index, "jumped" from the two-month lows due to the positive dynamics of shares of commodity companies, the news caused a decrease the U.S. trade deficit in April. The Bank of England has kept interest rates at 0.5%. The German index DAX "bounced" from the seven- week lows. In general, positive impacts on stock trades had a decision to keep the ECB key interest rate unchanged at 1.25%. - Today in Germany and the UK are expected to yield important economic statistics that can affect the course of trading of shares. In Germany today will be published data on the consumer price index. In Britain today there are data on industrial production for April, the CPI data on wholesale prices in May. - Major Asian stock indexes are now showing multidirectional dynamics. Trade surplus of China was in May of $ 13.05 billion, compared with $ 11.42 billion the previous month. Economists had forecast growth to $ 19.3 billion Exports grew by 19.4% rk, import - by 28.4% rk. Oil prices are now traded in different directions, the U.S. dollar is growing. July futures for WTI crude oil are now down by 0.1%, the July futures for Brent crude are rising by 0.2%. Gold is now losing 0.2%, silver is growing by 0.2%. The U.S. dollar is growing by 0.1% against a basket of currencies. The euro/dollar declines by 0.1%. This 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 [2011-06-10]