The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for August 24, 2011

/IRBIS, August 24, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 24, 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 Fed today can stimulate buying in the domestic market. The shares of mining companies will be in profit most likely, although yesterday they showed moderate growth. Besides, ASYL INVEST analysts note the following events on world markets: - Today statistics on the U.S. economy once again gave negative signals. Sales of new homes in July fell by 0.7%, while economists had expected a decline of 0.6%. The index of business activity in the county from Richmond fell to (-10_ from (-1) point in the previous month, economists expected a decrease in the barometer to -5 points. - Asian markets went down today after the agency Moody's downgraded Japan's sovereign rating by one notch to Aa3, noting weak growth prospects in the country. Also, pressure on the market have had doubts about the fact that on August 26 in Jackson Hole Fed Chairman Bernanke will say something more concrete on the new incentives. Indices Hang-Seng and Nikkei are down today by 0.9 and 0.5% respectively. - Yesterday, played a weak statistics across the USA has played on the field of euro, heating up expectations for new incentives, which in principle are not in favor of the dollar. Today, the euro/dollar went down before the data on German business confidence. Economists expect the index fell to its lowest level since the beginning of the year, supporting the view that Europe will be difficult to prevent intensification of the crisis. Influence on the movement of a pair today and will provide statistics on U.S. durable goods orders. In July, according to forecasts, they increased by 2%, with the exception of the transport component - fell by 0.5%. - Yesterday rise in oil prices was due to the data API, which indicated a decline in U.S. oil inventories. Support for oil and metals also had a strengthening of the euro on expectations of a new wave of quantitative easing in the U.S. Speculation that after Gadhafi in Libya's oil production will recover quickly and weakened, which played in favor of "bull". Copper for delivery in three months yesterday, rose in price by 1.5% Aluminum - 1.5%, lead - by 3.3%. Gold showed the weakest momentum, falling in price by 3.65% amid rising stock market. Today: raw materials market today shows vague dynamics. Brent crude oil drops in price by 0.3%, while the WTI, on the contrary increases similar pace. Copper for delivery in three months is growing on weaker pace in Shanghai, the price adds 0.4%, in New York - 0.2%. Gold is trading today at 1% above yesterday's close, investors decided to buy precious metal, sharply cheapened yesterday. 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. [2011-08-24]