Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for September 2, 2011

/IRBIS, September 2, 2011/ -"Jazz Capital" Brokerage house JCS (Almaty, Real Invest Group) has provided IRBIS with a survey of main events, market reviews and investment ideas for September 2, 2011. - Bidding for major U.S. and European markets ended with multidirectional changes in the indices. The Western market participants on Thursday, under pressure of negative economic data released in the U.S. Reduce in the number of initial claims for unemployment benefits, although it was significant, yet not reached the expected values of the analysts. On the eve of publication of the detailed monthly data on unemployment in the country, similar to the dynamics of some components obviously does not add optimism to players. Were weak and the data and the commissioning of new facilities - a decline of 1.3% compared to the previous month, while experts had hoped that the index would not change. Support for the players had provided data on the index of business activity in the United States, which this month has dropped by only 0.3 points, while analysts forecast a decline of at least 2.5 points. Trading in Europe most of the sessions were held in positive territory, which allowed the region to finish the day indices primarily growth only exception was the German DAX. Session in the U.S., which started with modest growth, after the first hour of trading is a persistent downward, resulting in the closure of U.S. indexes more than interest rate reduction. Analysts of JSC "Brokerage House "Jazz Capital" note that an additional factor, which has produced players for sale, was a painting of a technical analysis perspective, where there was a need for correction after several days of growth in a row. Today the attention of market participants will be focused on to the U.S. labor market situation gives additional pessimism forecast of analysts of Goldman Sachs, under which the number of new jobs created in August, will not exceed 25 thousand - Key indices of the BRIC countries have closed on Thursday with multidirectional changes in prices. Uncertainty and corrective mood that bedevil during the last session of the American and European courts, passed on to the regional players, primarily fixed income, on Thursday. Analysts of JSC "Brokerage House "Jazz Capital" note that in addition to critical data from the U.S. labor market, traders of platforms of emerging markets will be looking forward to publication of statistics on inflation in China, which is capable of some degree of certainty about adding the current economic situation in the Middle Kingdom. Today's premarket for regional areas, amid negative close of trading in the U.S. and Europe, is estimated by us as a moderately negative, the Asian players started the session with the sales for the first time for the last 6 days. - The cost of the contract for the supply of a barrel of Brent crude on the results of trading on Thursday rose by $ 0.12 to $ 114.29. Players in the market of oil contracts in the last session showed a moderate buying mood amid expectations of an approaching hurricane, "Katya", because of which a number of major oil companies began evacuating the Gulf of staff from the platforms. It should be noted that some impact on the dynamics of quotations of "black gold" had also statements by the leaders of European countries that joined the embargo of oil imports from Syria, against the background of political tension. Nevertheless, a weak general economic background, formed the majority of stock markets of the world, did not allow players to express optimism of the oil market to a sufficient degree, and quotes of the "black gold" were closed only with a nominal increase of $ 0.12 per barrel. - The price of an ounce of gold, at the end of trading on Thursday, adjusted by 0.6% to $1,821. Quotes of "precious metal" during the last session continued to adjust, and, according to some experts it is dynamic characteristic of the "gold" contracts in recent days could be crucial at least in the short term. Players futures market for gold, after many times of increased surge two weeks ago, now seems to have taken a wait. From a technical point of view analysts of JSC "Brokerage House "Jazz Capital" note the significance level of $1,850 per troy ounce, the overcoming of which could open the prospect of a new rally. - Major currency pairs of Forex market have adjusted for third consecutive day, against the background of strengthening the position of the U.S. dollar. Euro and British pound, on the basis of trading on Thursday reached more than two-week lows against the U.S. dollar. Analysts note that the key idea of the players on the appreciation of the dollar is the lack of even a hint from Fed officials about the possible launch of a new phase of quantitative easing. The economic data in recent weeks have taken an unconventional inverse correlation with the value of the dollar, now regained the level of habitual relationship with the dynamics of the value of American currency, and on this background, waiting for data from the labor market may sufficiently affect the players of the currency market. This material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in this material. [2011-09-02]