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]