The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for August 23, 2011

/IRBIS, August 23, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 23, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is moderately positive. Speculation on the new incentives from the Federal Reserve and the improvement to an index of business activity in the industrial sector in China, according to HSBC, now support the stocks of mining companies in Kazakhstan. Strong fall of GDR of domestic banks on the LSE can affect the mood of the players in the domestic market, causing a decrease in bank shares today. Receipts of Kazkommertsbank yesterday fell by 12%, while Halyk Bank - by 9%. Besides, ASYL INVEST analysts note the following events on world markets: - Yesterday reasons for optimism in the morning were the views of investors that the Fed might announce a new plan to stimulate the economy. The Fed chief will speak at the August 26 meeting of representatives of the world's central banks in Wyoming. Rally of indexes ended after shares of the banking sector went down on corporate news. Since Goldman Sachs yesterday confirmed the hiring of lawyers to address the problems associated with the government's investigation against the bank. Quotes of the bank's shares fell nearly 5%. Quotes of Bank of America lost 7.9% after it became known that the bank was selling half its stake in China Construction Bank. - The Asian market is growing in optimism and potential adoption of the new incentives will help the Fed to improve the economic situation in Asia. Major indices in the region today are growing at a moderate pace. Shanghai adds 0.6% of the cost, Hang-Seng - 0.25%, Nikkei - 0.5%. - Euro also fell yesterday after Chancellor Angela Merkel confirmed her opposition to the proposal of the market on the issue of bonds of common euro-zone in order to prevent increasing the debt crisis. Today, the euro/dollar is rising because of rising market shares in response to speculation about the new support measures by the Fed and the positive statistics on HSBC's index of business activity in the industrial sector of China. In August, rose to 49.8 points from 49.3 points a month earlier. - Yesterday, Brent price decreased by 0.6%, after completion of the era of Muammar Qaddafi in Libya due to the capture by rebels of the capital Tripoli will contribute to the restoration of oil production in the country. In the U.S., oil rose in price by more than 2% on speculation about incentives. Copper for delivery in three months yesterday, fell by 1.5% on speculation that China, despite a slowdown in economic activity and exports, maintain a tight monetary policy. Gold continued to rise yesterday, rose by 2.5% on continuing economic concerns in the market. Raw materials market is growing. Brent crude oil price increases of 0.3%, while the WTI - 0.8% on speculation that that the recovery of the oil industry in Libya will take a long time, keeping interruptions in supplies, and stocks of petroleum and petroleum products in the U.S., rather all fell last week. Copper for delivery in three months today shows vague dynamics in Shanghai price is reduced by 0.4% in New York is growing at 0.45%. Gold is trading today at 0.1% above yesterday's close, almost reaching the level of $1,900 per ounce. 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. [2011-08-23]