Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for November 18, 2011
18.11.11 16:18
/IRBIS, November 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
November 18, 2011.
"Jazz Capital" Brokerage House notes the following
significant events on international markets:
- U.S. and European markets recorded decline. Major
U.S. indices closed with decrease, under pressure of the
European factor and the lack of progress in the U.S. on
a plan to reduce the budget deficit. Who went on the
auction placement of Spanish debt securities borrowing
costs for Spain reached its maximum value since 1997,
being just under 7% strength grades. French
government bonds on medium-term investors have also
demanded greater yields than ever before. The news of
the decline in the number of initial applications for
unemployment benefits up to 388 thousand (395
thousand expected) and the growth of the number of
permits to build homes faster predictions failed to
provide substantial support to the market. Of other
statistics worth noting the growth of industry in
Philadelphia November, but more modest pace than that
observed in the previous period. According to trade in
light of "blue chip" index Dow Jones Industrial Average
fell by 1.13% and closed at 11770.73 points, the broad
market index S & P 500 retreated 1.68% to 1216.13
points, while the index of technology companies Nasdaq
fell by 1.96% to reach 2587.99 points. Composition of
the "blue chips" closed in the red area, with the
exception of Wal-Mart Stores (+0.09%) and Verizon
Communications (+0.14%). The leaders were to reduce
Alcoa (-3.51%), JPMorgan (-3.11%), American Express
(-2,95%), Intel (-2,41%). Demonstrated the dynamics of
the worst engineering and resource sectors, and
particularly the chemical industry - sectoral indices
closed down with more than 3% decrease. Stock trading
in Europe opened in a decrease in the leading index,
after the agency Fitch Ratings says that the situation of
U.S. banks may deteriorate in the event of aggravation
of the European budget and the debt crisis and its
spread to more countries. Analysts have warned the
organization that will change the outlook for the U.S.
financial sector from "stable" to "negative" if the markets
continue to the Old World fever. In the "minus" to the
session, quotes of the banking sector: the shares of
British Barclays Plc. and Standard Chartered Plc. fell
1.36% and 1.05%. Paper operator of the largest retail
chain Netherlands Ahold NV added to its asset 0.46%.
The value of shares SABMiller Plc. Thursday is reduced
by 0.6%. Net available for profit distribution to
shareholders of one of the world's largest brewing
companies in the first half of 2011-2012 fiscal year
ended September 30, 2011. Amounted to 1.38 billion
dollars, up 23% over the previous fiscal year, when it
was 1.12 billion dollars SABMiller results presented in
general coincided with the forecast of analysts. The
company does not expect changes in market conditions
during the second half of the fiscal year. Quotes of the
Netherlands high-tech company ASML Holding NV
retreated to 1.38%. Paper Europe's largest manufacturer
of semiconductor equipment fell after forecasting its
competitors - Applied Materials: targets for sales and
profits for the next quarter was below analysts'
expectations.
- Emerging markets. Key stock markets in the Asian
region showed predominantly negative dynamics.
Indices repeatedly changed its direction amid uncertainty
and divergent developments, both within the region and
beyond. The external background for trading has been
mixed - the United States stock market closes in the
"red" zone in connection with statements Fitch rating
agency that the European debt crisis poses significant
risks to the U.S. financial sector. At the same time, the
key European markets finished the session with mixed
sentiments, despite the fact that the new prime minister
of Italy, Mario Monti still managed to form a cabinet.
During the Asian session, shares of the energy sector in
demand by investors after the benchmark grade of oil
price mark Light Sweet broke up the psychological level
of $ 100 per barrel (for the first time since July 26).
Meanwhile, the mood in Hong Kong and Shanghai were
marred by the central bank's statements "Celestial", who
noted that prices have not yet stabilized, and,
consequently, the weakening of the measures of
monetary policy is not yet possible.
- Gold. On the cash market of precious metals in London
spot price of gold in relation to its morning fixing (AM
Fixing) on Thursday, down 1% for the first time in about
two weeks established below $1,760 USD/ounce. Price
AM Fixing of gold in London was officially 1,756
dollars/ounce. This is its lowest since Nov. 3. Price AM
Fixing dropped from the previous trading day by $ 17,
focusing on current quotations of futures market. At the
stock exchange price of COMEX futures trading in gold
for the first three items is kept in the range 1,757.4-
1761.5 dollars/ounce.
- Oil. Oil on the exchanges became cheaper due to the
significant strengthening of the dollar on the Forex.
The dollar index for the six major world currencies on the
eve of the first six weeks above the mark established 78
points, and on Thursday it already exceeded the figure
of 78.3 points. At the same time the stock market in
Europe, major indexes down, all of which puts pressure
on the oil futures market.
- Currency. Euro/U.S. Dollar. Euro at auction on
Thursday is volatile. Its rate against the U.S. dollar has
made U.S. $ 1.348. The single European currency
presses increasing returns on bonds of European
countries. Italian bonds are traded by that time above
7%, French - 3.8%.
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.
[2011-11-18]