The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for August 15, 2011

/IRBIS, August 15, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 15, 2011 Analysts of "ASYL INVEST" indicate that the news background for the domestic market today is moderately positive. The growth of U.S. indexes on Friday and the Asian markets today could lead to purchases in the domestic market. However, the "Asyl Invest" does not expect much activity as strong drivers for purchases so far, especially in the commodities market. Prices for crude oil and copper are at significant elevations, overcoming of which depends on the positive economic news. Today, the basic ideas for the purchase of shares may become the Halyk Bank, the bank will report tomorrow for the 2nd quarter, and analysts of "ASYL INVEST" expect strong results that could lead the bank's stock price up. Besides, ASYL INVEST analysts note the following events on world markets: - On Friday, the bulk statistics describing the current state of the consumer market of the USA was published. Retail sales data for July showed strength in consumer demand, sales in July rose by 0.5%, which is at the level of expectations of economists. Retail sales excluding auto sales and fuel rose by 0.3%, exceeding the forecast of the market by 0.1 percentage point. During the trading session on the market exerted pressure data on consumer confidence index, calculated by the University of Michigan in conjunction with Reuters. Calculations showed that Americans' confidence in August fell to 54.9 points, the most minimal level since May 1980, Economists had expected a decline to 62 points from 63.7 a month earlier. - The Asian markets are growing today, inspired by the GDP data in Japan and U.S. statistics on retail sales. Japan's economy in the second quarter of 2011 increased by 1.3%, while economists had expected a decrease of 2.5%. Nikkei index is rising by nearly 1%, while the Hang-Seng adds 1.9% and Shanghai Composite is trading at Friday's close. Futures for U.S. indices are currently increasing. - Today, the euro / dollar rises after positive corporate results of Asian companies, as well as positive data on Japan's GDP for the second quarter reduced investors' concerns about a possible recession in the economy. Rising risk appetite is a course up to 0.33%. Today, investors need one more piece of positive to go for a rise. In the United States out statistics on the index of business activity in the District of New York, according to forecasts of economists expected growth of the indicator in August. In addition, the data will be published on the index of the National Association of Home Builders, which reflects the state of the housing industry, which is not expected to change the situation. - Commodity market today shows poor growth. Brent crude oil is growing by 0.3% but is below $ 108 per barrel, WTI adds only 0.01% of the cost. Copper futures for delivery in three months today show moderate growth, rising by 0.3% in Shanghai and by 0.6% in New York. Gold continues to fall today on the positive on the Japanese economy. The present material is exclusively informative and isn't an offer or recommendation to conclude any deals with stock. "IRBIS" Agency doesn't take responsibility for the opinions, given in the present material. [2011-08-12]