Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for October 18, 2011

/IRBIS, October 18, 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 October 18, 2011. "Jazz Capital" Brokerage House notes the following significant events on international markets: - Major U.S. and European indices ended the last session with decrease in prices. Fervor of the West players was somewhat cooled by the Finance Minister of Germany F. Schauble that the probability of solving the debt problems of the euro area at the next EU summit this weekend in his opinion it is not that low, but almost close to zero. Despite the obviousness of this assumption, market participants still took this news as an excuse for profit taking. Analysts of Brokerage House Jazz Capital JCS note that as a counterweight, on Monday were reports of major U.S. banks such as Citigroup and Wells Fargo, according to which both financial institutions have managed to surpass all expectations of market participants to profit, earning its shareholders about $ 0.84 and $ 0.72 per share. Macroeconomic statistics published on the last trading day at the level of analysts' expectations, so the volume of industrial production in the U.S. rose last month by 0.2%, which coincided with the forecasts of experts, and a similar figure in Japan, in September increased by 0.6%, which is also not a surprise to the players. Following the session, the key European markets closed lower by 0.54% - 1.81%, the U.S. Dow Jones and S & P 500 finished the last trading day with the fall of 2.13% and 1.94%, to fully implement the forecast on the scenario of events this week. Even after the U.S. session, a report was published on the corporate computer giant IBM, according to which the profits of international corporations in the last quarter was $ 3, 28 per share, which was slightly higher than analysts' forecasts. Currently, futures are traded on U.S. indexes increased from 0.3%, the most significant events, we should note published today reports Goldman Sachs and Morgan Stanley, as well as statistics on industrial inflation in the U.S. - Bidding for areas of emerging markets ended mostly with decrease in prices. 3 of 4 participants of BRIC quartet of the index on the basis of trading on Monday closed lowering quotations, amid growing sentiment correction in world markets. An exception was made by the Chinese index SSE, adding to the end of the day 0.37%. A key factor contributing to the profit-regional players are powerful statements of EU officials not likely to take steps that could in the short term to eliminate the crisis in the eurozone. In addition, the start of the week quotes "black gold" with a slight reduction, and certainly contributed to the development of correctional attitudes among regional players. Following the session, the indices of the Indian and Brazilian sites decreased by 0.34% and 2.03% respectively. Russian RTS index on the basis of trading on Monday closed lower by 1.52%. Today's premarket for emerging markets is estimated by us as a moderately negative, trading in Asia at the moment is on minor note. - The cost of the nearest contract to delivery of a barrel of oil benchmark of Brent crude on the basis of trading on Monday fell by 2.07% to $ 110.16. Market players, oil contracts, as most peers with stock markets began the week profit taking. In a weekly review of the markets, analysts noted the similarity of the situation in terms of technical analysis, which is observed simultaneously on the chart the S & P 500 weekly chart, contracts for a barrel of crude is Brent. And the first and second, on the basis of recent sessions last week reached the upper limits of price ranges, in connection with which (taking into account the prevailing fundamental background), the probability of beginning a week from the reduction was estimated by us as very high. At the same time, analysts of Brokerage House Jazz Capital do not exclude the possibility of attempts to test the market participants highs, but the prerequisites for sustainable penetration, to date, analysts can not see. - Quotations of the "noble metal" on the basis of trading on Monday declined by 0.53% to $ 1,673.4 per ounce. Quotes of the "noble metal", showing the currently common with most stock and commodity platforms trends, were also susceptible to a wave of profit taking on Monday. The award us moderate upward price movements in gold during the last month, in principle, fully convergent with an event before, and did not condition the change of the situation and forecasts. Analysts of JSC Brokerage House Jazz Capital believe that gold prices in the short term will continue to moderate growth, which is often accompanied by correction of quotes of "precious metal". - Both major European currencies on Forex market on the basis of the previous session showed moderate decline against the U.S. dollar. Pessimistic statements by the Minister of Finance of Germany W. Schauble, related to the forthcoming EU summit, for quite objective reasons in the first place had negative impact on the dynamics of the European currencies. Euro and British pound declined, which also contributed to the situation in terms of technical analysis. Analysts note that in case of finding the euro and British pound as a minimum short- term, but sustained downtrend, it is made by determining the factors of technical analysis. This material has exclusively informational 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. [2011-10-18]