Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for November 2, 2011

/IRBIS, November 2, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for November 2, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - In the Asian session today negative dynamic reigns again in pursuit of the American and European sites. Japan's Nikkei drops 1.8%, Chinese Hang-Seng and Shanghai Composite drop by an average of 1.0%. Default by Greece at the moment is the main fear of the market after the country's prime minister unexpectedly announced a referendum in Greece George Papandreou on receipt of financial aid threatens to nullify all the efforts of EU leaders on the crisis. Futures on major U.S. indices are currently increasing by 0.2-0.4% after the index reached the supports, ie those marks went from the rally in October on expectations of debt problems in the eurozone at the recent Summit of the EU. - Today, Angela Merkel and Nicolas Sarkozy held emergency talks on the situation. Today, the eve of the summit of "G20" to take place in Cannes, talks between the leaders of Germany, France, Greece, the new head of the ECB's head Mario Draghi and IMF, Christine Lagarde. - Significant event of the day today will be the U.S. statistics on employment by the agency ADP, increase in the number of employees in the private sector economy by 100 thousand is expected. In addition, today will be a meeting of FOMC, from which investors are waiting for new measures to stimulate the economy. - Commodity markets today show signs of improvement. Quotes of WTI oil and Brent drop at a moderate pace within 0.7%. Copper in electronic trading in New York, rising 1.3%, while gold adds 0.2%. - The euro/dollar has stabilized today, losing only 0.02% at 1.3715 after a sharp decline on the previous day, and a significant part of yesterday's losses after the euro to play to achieve significant levels of support at 1.36. - The news today is tempered positive background for the shares of mining companies in Kazakhstan, Kazakhmys and ENRC quotes can grow up, after a severe slump in the last two days. Before the rally in London, Kazakhmys lost 7% of the cost, ENRC - 5.5%. - Today, analysts of "Asyl INVEST" recommend investors to pay attention or ideas are not dependent on external markets, in particular, the preferred shares of Kazakhtelecom. As the "Asyl Invest" has already indicated earlier, the preferred shares of Kazakhtelecom have a high potential for growth after the company announced the sale of its 49% stake in mobile operator LLP "GSM Kazakhstan". Selling shares at a much higher price (of mobile communications sector, even in the current situation is estimated at more than 9 annual profits) than it is recorded on the balance sheet, positive impact on its net profit in 2012 and is likely to give big dividends to shareholders up to 2012. This material has only informative 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 given in this material. [2011-11-02]