The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for August 19, 2011

/IRBIS, August 19, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 19, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is negative. Global economic fears, which led to the decline in prices for oil and metals, as well as the stock price decline of the banking sector in the U.S. and Europe, today will exert strong pressure on the shares of Kazakh companies. Besides, ASYL INVEST analysts note the following events on world markets: - Yesterday optimism of investors has dried up completely after number of initial claims for unemployment benefits in the U.S. rose to 405 thousand, exceeding the forecast of the market for five thousand, thus reflecting the complex situation on the labor market. Even more frightening was the fall-ing business activity in the district of Philadelphia. Philadelphia Fed index fell to -30.7 from a positive level of 3.2 points a month earlier. Economists do not expect such a decline, predicted decrease to 2.3 points this month. Consolidated the negative sentiment in the markets falling sales in July on the secondary market at 3.5% vs. the market in favor of growth of 2.7% - Today, the Asian market wins back negative on the U.S. economy. The extreme poor statistics in the United States, released this week, fueled fears of investors about the possibility of a recession. The major indexes today are losing 1 to 2%. - Yesterday yield of U.S. Treasury bonds fell, reflecting investor demand for safe haven. Today, the euro/dollar has stabilized, but is trading below yesterday's close at 0.12%. The pressure on the euro has a worrying economic situation in the U.S, as well as the absence of some individual measures to stabilize the situation in the euro area, that the events of the week. Today, significant macro-statistics for the United States will not, investors in choosing the direction will be guided by the opinion of the current situation in the economy. Analysts of "Asyl INVEST" believe that the market is not in favor of the euro. - Yesterday industrial metals also fell in price after the fall of business activity in the district of Philadelphia, according to data for August. Copper for delivery in three months fell by 2.2%, Aluminum - 2.4%, Nickel - 2.9%. Gold as a result of growing economic concerns rose in price by 1.8%, putting a new price record. Today: raw materials market is once again reduced under the pressure of economic concerns. Brent crude oil drops in price by 0.5%, while the WTI - 1.3%. Copper for delivery in three months today, falling in price by 1% in Shanghai. Gold is trading today at 0.9% above yesterday's close, reflecting continuing economic concerns. 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. [2011-08-19]