Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for July 15, 2011

/IRBIS, July 15, 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 15, 2011. - Floors of U.S. and Europe completed the last session with the substantial reduction of the indices. Actions by the international rating agency "Moody`s", placed the United States sovereign credit rating on review for downgrade, currently located at 'AAA', eclipsed eyes of market participants, have led to almost panic selling on global stock and commodity exchanges. Analysts of JSC "Brokerage House "Jazz Capital" note that as a counterweight on the side of the "bulls" were factors such as: positive data from the U.S. labor market, good statistics on retail sales, as well as smaller, compared with forecasts of analysts, the growth inflationary pressures in the United States. In addition, good corporate reports published are "monsters" of the U.S. economy, as JPMorgan Chase and Google, so, first reported on the profit for the second quarter at $ 1.27 per share, and Internet giant Google has brought its shareholders more than $ 7 per share. However, even such a large volume of positive data failed to tip the scales in the direction of buyers, and key Western area finished the day lower for the third time since the beginning of the week. The actions of rating agencies since the 2008 crisis, not criticized, perhaps just lazy - most analysts believed that it was illegible, and sometimes even jump to downgrades a number of major U.S. companies and banks led the technical operation of the "stop", reacted to the decline in the quality market, which was one reason for slump in 2008. However, if you sue, then blaming the Agency in the promiscuity is not too correct, the JSC "Brokerage House "Jazz Capital" is the belief that in the case, if the three largest credit rating agencies did not respond properly to events in the U.S. where political "trades" around the need to raise the threshold of another American state debt was very hot in nature, there would be a huge number of "dissidents" who would want to accuse the agency of unfair discrimination. Either way, analysts of JSC "Brokerage House "Jazz Capital" note that the red-hot atmosphere in the situation with the increase of state U.S. debt can significantly impair a good idea launched corporate reporting season. - Key areas of BRIC countries have completed the last session with mainly growth of the indices. Traders of areas of developing countries on Thursday continued to regain positive economic data from China, in addition, regional players to be fully appreciated the positive closing of the Western sites the day before. Finally, another factor that supported the "bull" from emerging markets - continued growth in a number of commodity assets. From the news background, should be made to save the current refinancing rate of Central Bank of Korea at 3.25%. The only exception of the four BRIC, a kind of "ugly duckling", was a Brazilian index Bovespa, once again significantly correcting, which led to break through a major support level at around 60,000 points. Thus, the JSC "Brokerage House "Jazz Capital" has no doubt that the key Brazilian market went on to form a new downtrend. The Russian RTS index, the first time in a long time, moving away from the now traditional correlation with most European markets, on Thursday closed with moderate increase at 0.17%. - Prices of Brent crude oil on the basis of trading on Thursday rose by 0.46% to $ 118.32. Quotations of "black gold" at the last session of action came under pressure of Moody `s, but in the opinion of analysts, moderate correction was of a more technical nature. The two-day, more than 3.5% rise in oil prices, assumed at least a short-term correction, which happened on Thursday, while reducing the scope of what happened, in the opinion of analysts of JSC "Brokerage House "Jazz Capital", proved to be considerably with more modest potential. This probably indicates the presence of certain forces to customers, not letting quotes "black gold" to drop. Analysts of JSC "Brokerage House "Jazz Capital" note that the general economic background is generally favorable in the short term to continuation of higher oil prices, and determining should be the behavior of the players near the mark of $ 120 per barrel. - Prices of gold, at the end of last session rose by 0.27%, setting a new world record at around $ 1,581.03. Quotes of "precious metal", after a few fairly successful days on Thursday suffered a small correction, which is called "refresh" trend. Analysts of JSC "Brokerage House "Jazz Capital" note that if you do not take into account catastrophic for the world economy, and therefore unlikely scenario of default of U.S., in general, the general economic background is uniquely located on the side of the "bulls" on market of gold futures. Recommendation of "Jazz Capital" for gold "to buy" has not changed, however, analysts recommend (if necessary) to limit potential losses with real or psychological "stop" below $1,500 per troy oz. - Currency pair EUR/USD following trading results on Thursday, adjusted by 0.21% to 1.4170. Positive macroeconomic data published in the United States, led to a slight increase in the value of the dollar, after two days of decline. Traders of market Forex, in the opinion of analysts are aware that the possible default of the U.S. is as catastrophic for the U.S. dollar, as not likely, while the economic situation in the U.S. had demonstrated according to the published data recovery - the real thing and quite tangible. Nevertheless, in the short term, analysts JSC "Brokerage House "Jazz Capital" expect return of "risk appetite" to investors, which in turn will determine the dollar depreciation. - Currency pair GBP/USD up to the last session has strengthened by 0.13% to 1.6151. British Pound, after a short decline at the opening of the second half of last session fully recovered losses, failing even to close above $ 1.6150. Analysts of JSC "Brokerage House "Jazz Capital" note that currently given currency pair quotes are near month highs, but the two-month downward trend is present. 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. [2011-07-15]