Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for July 1, 2011

/IRBIS, July 1, 2011/ -"Jazz Capital" Brokerage house JCS (Almaty, Real Invest Group) has provided IRBIS with a survey of main events, market reviews and investment ideas for July 1, 2011. Analysts of JSC "Brokerage House "Jazz Capital" note the following significant events: - Trading on major stock exchanges in Europe and the U.S. third day culminated in steady growth of a number of indices. If the basic idea of the week was the speech of the Federal Reserve Ben Bernanke, most of the attention of market participants on the current week, as analysts of JSC "Brokerage House "Jazz Capital" predicted, has the situation in Greece, where the growing problems of external debt has reached its peak . Analysts of JSC "Brokerage House "Jazz Capital" expected at least some resolution of the Greek problems in the near future, for the reason that the intensity of the situation in the country led to the formation of threats to default on foreign loans, which in the case of non-Greek tranche of EU had all chances to be realized. However, everything turned out, with analysts of JSC "Brokerage House "Jazz Capital" believe that the problem is only pushed for a certain period - reducing the Greek Parliament a substantial part of state. Costs caused a sharp slowdown in the economy, which in turn can lead to default Greece with its obligations to creditors, effectively closing the "vicious" circle "Greek factor". At the same time, analysts do not believe the situation is absolutely desperate, however, if the southern European country in the near future to join Spain and Portugal experiencing similar problems with Greece, the chiefs of the EU no choice but to cease to exist, or radically change the structure of more political than economic union. But all that is expected in the future, but for now, market participants, as they say "live for today", all enthusiastically playing the temporary respite, resulting in the issue of debt in Greece. So yesterday, traders continued to buy "risky assets", against the publication of news that the EU is currently working on a second package of emergency aid to Greece, whose volume could reach 65 billion euros. In addition, banks of Germany, on Thursday expressed willingness to renew the Greek government bonds worth 3.2 billion euros. Following the session, key stock indexes closed higher in Europe within 1.53%, the U.S. Dow Jones and S & P 500 finished trading on Thursday, increasing by 1.25% and 1.01% respectively. - Key areas of emerging markets were closed on Thursday with another rise in the indices. Players from the sites in developing countries over the past two weeks show the dependence on the rare happening in the developed Western countries in recent years comes down almost to nothing. However, in addition to the positive news background of Greek traders emerging markets supported by the renewed rise in oil prices. The Indian and Brazilian players in the course of the auction were also under the influence of positive economic data, so a primary budget surplus in Brazil last month exceeded analysts' forecasts at 6.8 billion reais in, amounting to more than 7.5 billion reais. In addition, the current account balance and volume of the infrastructure sector in India also were much better than analysts' forecasts, which confirmed the opinion of market participants that the pace of economic recovery in developing countries are much higher than economic growth in the U.S. and Europe. Today's premarket for emerging markets is considered by JSC "Brokerage House "Jazz Capital" as a moderately negative - it is possible that after several days of growth, the regional players will prefer to partially lock in profits. - Quotes of barrel of Brent crude on the results of the last session, adjusted by 0.7% to $ 111.7. Oil prices, driven by economy-wide positive background, rebounding from a major support level, showed a good momentum. But on Thursday, traders of oil futures markets have preferred to take profits, which resulted in a moderate correction of the quotes of "black gold". In the short term, analysts of JSC "Brokerage House "Jazz Capital" consider it necessary to follow the behavior of players close to the mark of $ 110 per barrel, which acted as a strong support level in recent months. - The price of an ounce of gold, at the end of trading on Thursday, fell by 0.9% to $ 1,499.6. Quotes of "precious metal" against imminent end of the program QE2, whose main task was to buy up Treasury bonds the Fed the Finance Ministry on Thursday adjusted, practically covering the already modest growth the previous two days. Noting the complexity of the current market situation and raw material assets "gold" contracts in particular, analysts of JSC "Brokerage House "Jazz Capital" believe that predictions of price movements in gold with more or less a high probability it will be possible only after 3-4 trading sessions . - Both major currency pairs on the basis of the previous session adjusted to the U.S. dollar. A similar conclusion of quantitative easing-2, despite play-off of situation, could not affect the dynamics of the foreign exchange market yesterday, and strengthening of the dollar seems to JSC "Brokerage House "Jazz Capital", more than natural. At the same time, the last session, by same circumstances does not yet allow any far reaching conclusions 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. [2011-07-01]