The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for August 22, 2011

/IRBIS, August 22, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 22, 2011 Analysts of "ASYL INVEST" indicate that the news background for the domestic market today is negative. Under pressure during the day will be shares of mining companies and the banking sector amid speculation about the likelihood of further monetary tightening in China and uncertainty about the debt problems of the euro area, leading to a decrease in quotations of oil futures by 3% today. Besides, ASYL INVEST analysts note the following events on world markets: - On Friday, the main reasons for reduce of the economic indices were fears warmed by corporate news. Hewlett Packard has released in this day forecasts for revenue, which was worse than market expectations and announced strategic steps that have questioned the effectiveness of the company's management. At the end of trading the company's shares collapsed by 20%. - Asian market today falls within 1% after the failure of Angela Merkel to support much discussion at the present time the idea of issuing Eurobonds Eurozone set the prospects for recovery from the crisis region in doubt. In China, pressure on the market has a view of investors that monetary policy in the country will be ratcheted up even by a decline in exports. Last week the Central Bank of China raised rates on three- month, annual and three-year notes. - On Friday, panic selling of risky assets continued, but soon stabilized, which supported the euro. In addition, investors were encouraged by the Finance Minister of Greece that agreement on the second package of financial assistance "is not in doubt" despite the fact that five European countries have demanded collateral. Today, the euro/dollar fell by 0.2% after fears the euro zone rose again against the background of problems in the economy of Greece and the lack of support for the leading countries of the region's idea of Eurobonds in the Eurozone. - On Friday, Brent has risen by 2.4% against the disruption of oil supplies from the North Sea, Nigeria and Libya. WTI crude oil prices dropped amid falling growth forecasts for the U.S. economy in 3-4 quarters away from the leading investment banks. Industrial metals have shown moderate growth to this day. Copper for delivery in three months rose in price by 0.6%. Gold also rose in price by showing the continuing economic concerns in the market. Today, commodity market is in the pressure of economic concerns and fears of an escalation of the debt crisis in the euro area. In addition, investors are selling "black gold" on speculation that the war in Libya, possibly coming to an end after rebels invaded Tripoli. Brent crude oil drops in price by 2.9%, while the WTI - 0.9%. Copper for delivery in three months today shows the dynamics of the vague, in Shanghai, the price increases by 0.3% in New York City decreased by 0.2%. Gold is trading today at 1.6% above Friday's close, reaching the mark of $1,880 per ounce, reflecting the desire of investors to go into defensive tools. 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. [2011-08-22]