Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for July 28, 2011

/IRBIS, July 28, 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 28, 2011. - Trading on the grounds of the U.S. and Europe resulted in the minimum values for the week. The next, third row, a significant drop in the indexes was caused by the same problems of differences among U.S. senators about the need to improve the state bar debt. Market participants, despite such apparent catastrophic outcome, are increasingly returning to the thought of the possibility of technical default of USA. The most negative in the current situation is that the absence of any news (both bad and good), increases the pessimism of the players. Failed to support the markets macroeconomic statistics, published on Wednesday, in fact, weak data on orders for durable goods only worsened the mood of market participants. Finally, the Fed at its next meeting on interest rates, despite the already weak expectations of the players added their "5 cents" into the cauldron of pessimists, arguing that the growth of the world's largest economy in recent months, more insistently demonstrates the tendency to slow down. Extremely negative general economic background, the current market on Wednesday, led to the achievement of key U.S. and European platforms of week lows. So, on the session, the British, French and German indexes fell by 1.23%, 1.32% and 1.42% respectively. The U.S. Dow Jones and S & P500 on trading results on Wednesday fell to 1.53% and 2.03% respectively, while S & P 500 had almost reached an important psychological mark of 1,300 points. It is noteworthy that the mood of market participants was unable to rise even on strong quarterly reports of such giants as Boeing and Arcelor Mittal. Today, in the U.S. will be published next block of economic data, so in addition to statistics on sales of existing homes the publication of data on weekly changes in the labor market is expected. - Key areas of emerging markets were closed on Wednesday with mostly decrease of indices. The strongest negative general economic background that prevailed in global financial markets during the last session, has led to almost panic sell-on areas of developing countries. Regional players, by analyzing the magnitude of looming over the U.S. and Europe are the main consumers of raw materials and manufactured goods by developing countries, the problems all of the current week at the urgent adjust and close the "long positions". Market commodity assets, occasionally acting as an "island" of optimism on Wednesday and nothing has managed to please traders areas of developing countries. Continues to heat up the situation around the state U.S. debt, according to JSC "Brokerage House "Jazz Capital", will continue to exert tremendous pressure on the regional players, while it is possible that traders of emerging markets sooner or later will try to adjust the indices of their own countries. - Quotes of barrel of Brent crude on the results of the last session, adjusted by 0.85% to $ 117.43 a barrel. Oil prices, driven by the negative state of affairs in the world economy, on Wednesday were also under pressure by weekly data on oil and petroleum products in the United States. Thus, the reserves of "black gold" instead of the expected reduction of 1.7 million barrels in the week increased by 2.3 million barrels, while gasoline inventories and diesel fuel for the same period, increased three times than initial expectations of experts. Fueled rumors of a possible default U.S. growth led to the spread between the price of oil brands Brent and WTI, which on the basis of past trade was already about $ 20 a barrel. - Prices of gold, at the end of last session rose by 0.48% to $ 1,619. Quotes of "precious metal" are beginning to return the recent growth, in the course of the auction having set a new historic peak at $1,625 per troy ounce. As analysts had expected, forming almost a panic among traders and stock and commodity areas, greatly increased the demand for "security asset", which is the gold, and in the coming days, due to conservation of stress (as at least until August 2), quotes of the "noble metal" have a good chance to continue to strengthen. - Currency pair EUR/USD on the basis of the previous session adjusted by 0.97% to 1.4358. Quotes of the regional European currencies during trading on Wednesday reduced after five days of continuous growth. The correction of the currency market, apparently, was purely technical in nature, and in case of continued tension in the market, we expect a further decline of U.S. currency to be possible. - Currency pair GBP/USD on trading results on Wednesday fell by 0.45% to 1.6336. The British pound, as well as the euro, has carried out an emergency technical correction, while maintaining a significant level above the mark 1.63. 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. [2011-07-28]